2,634 International Business Machines Corporation $IBM Shares Sold by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC cut its IBM holdings by 11.1%, selling 2,634 shares during the third quarter and retaining 21,180 shares valued at approximately $4.66 million. Institutional investors collectively own 58.96% of IBM.
• IBM shares opened at $232.58, with the stock down 0.7% and trading below its 200-day moving average. The company recently reported $2.93 in quarterly EPS on $17.16 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $254.96.
• IBM’s quarterly dividend is $1.69 per share, or $6.76 annualized, representing a 2.9% yield and a 59.98% payout ratio. Investors are also watching upcoming earnings, with options markets implying a potential 8% post-release move amid valuation, debt and limited dividend-growth concerns.

Frank Rimerman Advisors LLC reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,180 shares of the technology company's stock after selling 2,634 shares during the quarter. Frank Rimerman Advisors LLC's holdings in International Business Machines were worth $4,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Harborfront Financial Group LLC purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $27,000. Hara Capital LLC purchased a new position in shares of International Business Machines in the 2nd quarter worth about $28,000. Bare Financial Services Inc boosted its holdings in shares of International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after buying an additional 55 shares during the last quarter. Portus Wealth Advisors LLC purchased a new stake in International Business Machines during the first quarter worth about $26,000. Finally, Caitlin John LLC purchased a new stake in International Business Machines during the second quarter worth about $35,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines News Summary

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

• Positive Sentiment: Bank of America expects IBM to deliver a modest third-quarter earnings beat while maintaining its 2026 outlook. The bank reiterated its Buy rating and $280 price target, citing higher-margin software, improving profitability and strong free cash flow. IBM poised for modest third-quarter beat, says Bank of America
• Positive Sentiment: Analysts expect software revenue to benefit from AI innovation, strategic partnerships and expanding enterprise-cloud capabilities. Consulting revenue is also projected to show modest growth, supported by technology demand, AI partnerships and cybersecurity-related expansion. IBM software revenue earnings preview
• Positive Sentiment: IBM and Siemens are collaborating on IBM’s nanostack transistor architecture, combining IBM semiconductor research with Siemens’ design-automation and manufacturing software. The initiative reinforces IBM’s long-term investment in advanced chips and computing technology. Siemens joins IBM nanostack research effort
• Neutral Sentiment: IBM reports third-quarter results next week, and options traders are pricing in a potential move of roughly 8% after the release. The elevated implied volatility signals substantial uncertainty rather than a clearly bullish or bearish expectation. IBM options market expects major post-earnings move
• Neutral Sentiment: Morgan Stanley raised its IBM price target to $238 but maintained an Equal Weight rating, implying limited near-term upside at the referenced price. RBC separately reaffirmed its Outperform rating. RBC reaffirms IBM Outperform rating
• Negative Sentiment: Investor concerns remain about IBM’s valuation, rising debt and limited dividend growth. Commentary noted that the company’s long record of annual dividend increases has recently involved only small raises, potentially constraining its appeal to income-focused investors while it funds AI initiatives. IBM dividend and debt concerns

International Business Machines Trading Down 0.7%

Shares of IBM opened at $232.58 on Friday. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The business has a 50-day moving average of $231.99 and a 200 day moving average of $243.58. The firm has a market cap of $219.12 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.21 and a beta of 0.73. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, research analysts forecast that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a $1.69 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's payout ratio is 59.98%.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 17th. Jefferies Financial Group reduced their target price on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of International Business Machines from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of International Business Machines from $190.00 to $238.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $270.00 price objective on shares of International Business Machines in a research note on Tuesday, October 13th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and an average target price of $254.96.

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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