ProShare Advisors LLC Has $288.32 Million Position in International Business Machines Corporation $IBM

ProShare Advisors LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 978,085 shares of the technology company’s stock after selling 101,754 shares during the quarter. International Business Machines accounts for approximately 0.6% of ProShare Advisors LLC’s holdings, making the stock its 25th biggest holding. ProShare Advisors LLC’s holdings in International Business Machines were worth $288,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $25,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. acquired a new position in International Business Machines in the first quarter valued at about $31,000. Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its position in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 1.9%

Shares of NYSE IBM opened at $306.64 on Monday. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $319.35. The stock has a market cap of $286.63 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company’s fifty day moving average is $279.45 and its 200-day moving average is $269.19.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IBM. Stifel Nicolaus cut their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Morgan Stanley lowered their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group raised their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.