Arizona State Retirement System Acquires 4,185 Shares of International Business Machines Corporation $IBM

Key Points

• Arizona State Retirement System increased its IBM holdings by 1.6%, purchasing 4,185 additional shares to own 260,286 shares valued at approximately $73.2 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM’s shares opened at $237.65 after declining 4.3%; the company’s latest quarterly revenue of $17.16 billion fell short of estimates, although earnings per share matched forecasts at $2.93.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $265.16. IBM also pays a quarterly dividend of $1.69, representing a 2.8% annualized yield.

Arizona State Retirement System boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,286 shares of the technology company's stock after purchasing an additional 4,185 shares during the period. Arizona State Retirement System's holdings in International Business Machines were worth $73,195,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. West Family Investments Inc. grew its holdings in shares of International Business Machines by 20.8% during the second quarter. West Family Investments Inc. now owns 4,412 shares of the technology company's stock worth $1,241,000 after purchasing an additional 759 shares during the last quarter. Waverly Advisors LLC raised its stake in shares of International Business Machines by 138.0% during the second quarter. Waverly Advisors LLC now owns 144,368 shares of the technology company's stock worth $40,598,000 after buying an additional 83,711 shares during the last quarter. Bank OZK lifted its stake in shares of International Business Machines by 8.0% in the 2nd quarter. Bank OZK now owns 13,914 shares of the technology company's stock valued at $3,913,000 after purchasing an additional 1,033 shares during the period. Empirical Finance LLC boosted its holdings in International Business Machines by 3.5% during the second quarter. Empirical Finance LLC now owns 31,474 shares of the technology company's stock worth $8,851,000 after buying an additional 1,054 shares during the last quarter. Finally, Nykredit A S bought a new position in International Business Machines during the 2nd quarter worth approximately $73,533,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 4.3%

Shares of IBM stock opened at $237.65 on Thursday. The stock has a market cap of $223.90 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.37 and a beta of 0.71. The stock has a 50-day moving average of $233.43 and a 200-day moving average of $246.71. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the previous year, the company earned $2.80 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is 59.98%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IBM. JPMorgan Chase & Co. decreased their target price on International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. Barclays cut their price target on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $270.00 target price on shares of International Business Machines in a report on Tuesday, July 21st. Finally, Weiss Ratings raised International Business Machines from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, September 11th. Seventeen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $265.16.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM subsidiary Anderon finalized a $1 billion CHIPS and Science Act award from the U.S. Department of Commerce to accelerate development of a U.S.-based, pure-play quantum wafer foundry. The funding strengthens IBM’s position in quantum infrastructure and could create longer-term strategic opportunities, although it is primarily government support for research and capacity expansion rather than immediate revenue. Anderon finalizes $1 billion CHIPS award
• Positive Sentiment: Analysts’ reported price targets remain above the current trading level, and coverage highlighted potential growth from IBM’s quantum infrastructure strategy and AI deployments. A Turkish credit-bureau AI deal also reportedly involves production-scale processing of 23 million transactions daily, though IBM did not disclose its contract value.
• Neutral Sentiment: The quantum award is strategically important but may require substantial execution, investment and time before materially affecting IBM’s earnings. The opportunity is viewed more as a long-term infrastructure platform than an immediate financial catalyst.
• Negative Sentiment: Despite the government announcement, investors appear to be taking profits after IBM’s recent advance. Technical commentary pointed to resistance near the $239–$241 area, while the retreat below that zone weakened the short-term breakout thesis. Why IBM stock is falling
• Negative Sentiment: IBM’s latest reported quarter showed earnings in line with estimates but revenue below expectations, reinforcing concerns that the company’s near-term growth remains modest. The stock’s decline while the broader technology market rallied suggests valuation and profit-taking pressures outweighed the quantum news.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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