2,533 International Business Machines Corporation $IBM Shares Sold by Dudley Capital Management LLC

Dudley Capital Management LLC trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,673 shares of the technology company's stock after selling 2,533 shares during the period. Dudley Capital Management LLC's holdings in International Business Machines were worth $2,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Tectonic Advisors LLC lifted its position in International Business Machines by 12.0% during the third quarter. Tectonic Advisors LLC now owns 69,853 shares of the technology company's stock valued at $15,363,000 after purchasing an additional 7,508 shares during the last quarter. Barrett & Company Inc. increased its holdings in shares of International Business Machines by 1.5% in the 3rd quarter. Barrett & Company Inc. now owns 3,667 shares of the technology company's stock worth $807,000 after buying an additional 54 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of International Business Machines by 0.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 25,926 shares of the technology company's stock worth $5,702,000 after buying an additional 96 shares during the last quarter. Lighthouse Financial LLC increased its holdings in shares of International Business Machines by 11.4% in the 3rd quarter. Lighthouse Financial LLC now owns 1,961 shares of the technology company's stock worth $431,000 after buying an additional 200 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of International Business Machines by 0.3% during the 3rd quarter. Wedbush Securities Inc. now owns 68,467 shares of the technology company's stock valued at $15,058,000 after buying an additional 222 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM reported third-quarter revenue of $17.1 billion, up 4.7% year over year, while adjusted EPS of $2.95 exceeded analyst expectations. Software growth accelerated to 9% at constant currency, infrastructure demand improved, and operating pretax margins expanded by 70 basis points. IBM Beats Q3 Earnings Estimates on Software, Infrastructure Growth
• Positive Sentiment: Management raised its full-year free-cash-flow outlook, supported by stronger software performance, Red Hat demand and enterprise AI activity. Transaction-processing revenue also rose 10%, suggesting improving demand in key recurring-revenue businesses. IBM: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts raised their earnings estimates or price targets following the results. Erste Group increased its FY2027 EPS forecast to $13.40 from $13.13, while JPMorgan, RBC and Stifel reiterated positive ratings and lifted targets. IBM Analyst Estimates and Ratings
• Neutral Sentiment: IBM’s updated FY2026 revenue guidance of $70.2 billion to $70.9 billion broadly brackets the $70.4 billion consensus estimate. The outlook was not meaningfully raised, leaving investors focused on whether the software rebound can continue.
• Neutral Sentiment: IBM declared a quarterly dividend of $1.69 per share, or $6.76 annualized, reinforcing its appeal to income-oriented investors. A separate dividend-stock article highlighted IBM’s decades-long record of payout increases. IBM Declares $1.69 Dividend
• Negative Sentiment: Investors remain concerned that roughly half of the software growth benefited from the Confluent acquisition and that management’s unchanged revenue outlook implies slower growth later in the year. IBM’s comments that lower-cost, open-weight AI models can deliver comparable performance also raised questions about pricing power and AI monetization. Why Isn’t IBM’s Stock Bouncing Back After Strong Earnings Results?
• Negative Sentiment: Some analysts view IBM’s valuation as demanding relative to its modest underlying growth, while slower Consulting performance, debt and uncertainty over the durability of the software rebound could limit further upside.

Insider Activity at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of International Business Machines from a "sell" rating to a "hold" rating in a report on Saturday. Argus cut their target price on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Jefferies Financial Group increased their target price on International Business Machines from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus raised their price target on International Business Machines from $235.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday. Finally, UBS Group raised their price target on International Business Machines from $236.00 to $243.00 and gave the company a "neutral" rating in a research report on Thursday. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $266.12.

International Business Machines Stock Up 0.6%

Shares of IBM opened at $253.69 on Friday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $233.06 and a two-hundred day simple moving average of $243.70. The firm has a market cap of $239.01 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.43 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.65 earnings per share. On average, analysts forecast that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is currently 57.63%.

About International Business Machines

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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