Annex Advisory Services LLC Sells 8,347 Shares of International Business Machines Corporation $IBM

Key Points

• Annex Advisory Services reduced its IBM position by 82.9%, selling 8,347 shares during the second quarter and retaining 1,721 shares valued at approximately $484,000.
• IBM’s institutional ownership remains substantial, with institutional investors and hedge funds holding 58.96% of outstanding shares. Analysts maintain a “Moderate Buy” consensus, with an average price target of $265.40.
• IBM reported quarterly revenue of $17.16 billion, up 1.1% year over year, while matching analyst expectations with $2.93 in adjusted EPS. The company also announced a quarterly dividend of $1.69 per share, representing a 2.9% annualized yield.

Annex Advisory Services LLC lessened its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 82.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,721 shares of the technology company's stock after selling 8,347 shares during the quarter. Annex Advisory Services LLC's holdings in International Business Machines were worth $484,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBM. McGowan Group Asset Management Inc. grew its position in shares of International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company's stock worth $798,000 after buying an additional 33 shares during the period. Exencial Wealth Advisors LLC lifted its holdings in International Business Machines by 0.4% during the fourth quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company's stock worth $2,332,000 after acquiring an additional 34 shares in the last quarter. Prasad Wealth Partners LLC lifted its holdings in International Business Machines by 1.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company's stock worth $1,068,000 after acquiring an additional 35 shares in the last quarter. Orca Wealth Management LLC lifted its holdings in shares of International Business Machines by 3.7% during the 4th quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock valued at $285,000 after purchasing an additional 35 shares in the last quarter. Finally, Friday Financial boosted its holdings in shares of International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Trending Headlines about International Business Machines

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

• Positive Sentiment: OpenAI partnership strengthens IBM’s enterprise AI strategy. IBM will integrate OpenAI models, including GPT-5.6, into its consulting platform and launch a dedicated OpenAI Practice staffed by thousands of trained consultants and engineers. The companies will target finance, government, telecommunications and retail customers, with applications spanning cybersecurity, application modernization and complex business workflows. The arrangement could help IBM capture more corporate AI spending through its global consulting relationships. IBM partners with OpenAI to bolster enterprise AI push
• Positive Sentiment: IBM is expanding AI cloud capacity through a $240 million Together AI agreement. The multiyear deal calls for an NVIDIA-powered inference cluster on IBM Cloud, using Blackwell systems and expected to be operational in the first quarter of 2027. Strong anticipated demand for open-source AI inference could improve IBM Cloud utilization and create longer-term infrastructure revenue opportunities. Can IBM's Together AI Cloud Deal Boost Its Growth Prospects?
• Neutral Sentiment: Quantum computing remains a long-term option rather than an immediate earnings driver. Coverage of IBM’s quantum advances suggests the technology could eventually have a measurable effect on revenue and corporate decision-making, but near-term financial benefits remain uncertain. What IBM’s Quantum Breakthrough Means for the $100 Million CFO
• Neutral Sentiment: Asian trading halts and currency-related liquidations may pressure technology shares, including IBM, through broad risk reduction rather than weaker AI demand. This points to potential short-term volatility instead of a deterioration in IBM’s operating fundamentals. Asian Market Circuit Breakers Hit Stocks, Not AI Demand
• Negative Sentiment: Shareholder-law firms have announced investigations tied to IBM’s sharp July selloff and alleged disclosure issues surrounding second-quarter results. These notices may add headline and litigation risk, though they do not by themselves establish wrongdoing. IBM Securities Investigation

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IBM shares. Argus decreased their price target on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, July 16th. Wolfe Research downgraded shares of International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Citigroup lowered their price target on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Roth Capital reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Finally, Wedbush set a $350.00 price target on International Business Machines in a research report on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines Stock Up 0.3%

Shares of IBM opened at $236.71 on Friday. The firm has a market cap of $223.01 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.32 and a beta of 0.70. 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 Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The firm's 50-day simple moving average is $252.38 and its 200 day simple moving average is $253.33.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the business posted $2.80 earnings per share. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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