Arizona State Retirement System Sells 8,293 Shares of International Business Machines Corporation $IBM

Arizona State Retirement System lessened its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,932 shares of the technology company's stock after selling 8,293 shares during the quarter. Arizona State Retirement System's holdings in International Business Machines were worth $77,883,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company's stock valued at $27,024,243,000 after purchasing an additional 724,832 shares during the last quarter. Capital World Investors lifted its stake in International Business Machines by 13.9% in the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock valued at $4,809,461,000 after purchasing an additional 2,077,506 shares during the last quarter. Legal & General Group Plc boosted its position in International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company's stock valued at $2,060,536,000 after buying an additional 176,219 shares in the last quarter. Amundi boosted its position in International Business Machines by 17.9% in the third quarter. Amundi now owns 4,777,516 shares of the technology company's stock valued at $1,382,695,000 after buying an additional 725,191 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of International Business Machines by 2.2% during the third quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company's stock worth $1,106,414,000 after buying an additional 86,123 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IBM shares. Royal Bank Of Canada dropped their price target on International Business Machines from $361.00 to $330.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Stifel Nicolaus reduced their price objective on International Business Machines from $340.00 to $290.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their target price on International Business Machines from $317.00 to $283.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Evercore increased their target price on International Business Machines from $330.00 to $345.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Finally, Wedbush cut their price target on International Business Machines from $340.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $300.60.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Q1 beat on top and bottom lines — revenue of $15.92B and $1.91 EPS topped expectations, driven by AI-related demand and hybrid‑cloud strength, supporting fundamentals and margins. IBM Q1 Deep Dive: AI and Hybrid Cloud Growth Drive Strong Start to 2026
• Positive Sentiment: Dividend increased — IBM raised its quarterly dividend to $1.69, marking another payout lift that supports income investors and signals cash‑flow confidence. What IBM's Q1 Beat and 31st Dividend Hike Mean For Shareholders
• Positive Sentiment: Infrastructure/mainframe strength — double‑digit infrastructure growth (Z mainframe demand) provides a durable revenue base as enterprises adopt AI workloads. IBM tops quarterly estimates on hybrid cloud growth
• Neutral Sentiment: Analyst moves mixed — firms updated price targets and ratings (some trims, some reiterations), leaving professional views divergent and volatility likely while the market digests guidance and segment details. IBM slides 8% as investors digest Q1 beat but steady full‑year outlook
• Negative Sentiment: Management held full‑year guidance instead of raising it — investors punished the stock because a reiterated outlook after a beat implies caution on momentum and near‑term upside. IBM shares turn lower as company beats but opts to maintain guidance
• Negative Sentiment: Software / AI anxiety — the broader software selloff (ServiceNow and peers) amplified fears that AI could disrupt subscription economics; IBM’s software growth showed signs of moderation that traders interpreted negatively. US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
• Negative Sentiment: Macro/geopolitical drag — rising oil and Iran/Strait of Hormuz tensions weighed on markets, contributing to sectorwide weakness and accelerating the selloff in big‑cap tech names. US Equity Indexes Drop as Growth Sectors Dampen Sentiment, Hormuz Deadlock Continues

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $231.81 on Friday. The stock has a market cap of $217.44 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.64 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $220.72 and a twelve month high of $324.90. The company's fifty day moving average is $246.48 and its 200 day moving average is $280.87. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 38.37% and a net margin of 15.61%.International Business Machines's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.60 EPS. Sell-side analysts forecast that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines's dividend payout ratio is 60.27%.

Insider Buying and Selling

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of the firm's stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the acquisition, the director owned 9,258 shares in the company, valued at approximately $2,814,432. The trade was a 12.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Miebach acquired 434 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares in the company, valued at $101,265.22. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 1,484 shares of company stock worth $417,157. 0.27% of the stock is owned by insiders.

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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