Farmers National Bank Boosts Holdings in International Business Machines Corporation $IBM

Key Points

• Farmers National Bank increased its IBM stake by 13.9% in the first quarter, bringing its holdings to 28,786 shares valued at approximately $6.98 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results met earnings expectations at $2.93 per share, while revenue of $17.16 billion fell short of estimates but increased 1.1% year over year. The company declared a quarterly dividend of $1.69, representing a 3.0% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $265.40, although recent firms lowered their targets and cited IBM’s modest growth, leverage and mixed revenue performance.

Farmers National Bank grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,786 shares of the technology company's stock after purchasing an additional 3,518 shares during the quarter. International Business Machines makes up 1.5% of Farmers National Bank's holdings, making the stock its 18th biggest position. Farmers National Bank's holdings in International Business Machines were worth $6,977,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company's stock valued at $77,234,000 after purchasing an additional 211,040 shares during the last quarter. Assetmark Inc. boosted its stake in International Business Machines by 24.8% during the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after buying an additional 12,791 shares during the last quarter. GLOBALT Investments LLC GA grew its holdings in International Business Machines by 19.1% in the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company's stock valued at $5,417,000 after buying an additional 2,930 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of International Business Machines by 30.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company's stock worth $3,887,000 after acquiring an additional 3,029 shares during the last quarter. Finally, Rice Partnership LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth $3,317,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.3%

Shares of NYSE:IBM opened at $224.39 on Monday. The business has a 50-day moving average price of $261.71 and a 200 day moving average price of $257.42. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $211.41 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.19 and a beta of 0.68. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46.

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, meeting the consensus estimate of $2.93. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. International Business Machines's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. Sell-side analysts expect that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's payout ratio is 59.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IBM. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, July 17th. BMO Capital Markets cut their price objective on shares of International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. Wedbush set a $350.00 target price on shares of International Business Machines in a research note on Tuesday, June 2nd. Wall Street Zen lowered shares of International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Finally, HSBC set a $175.00 price target on shares of International Business Machines and gave the company a "reduce" rating in a research note on Thursday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines News Roundup

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

• Positive Sentiment: Enterprise AI and hybrid-cloud momentum: IBM’s focus on secure, governed and hybrid AI could appeal to large enterprises concerned about data control. Recurring software growth, Red Hat momentum and a growing AI-consulting backlog support the company’s 2026 outlook. However, converting demand into sustained revenue is expected to take time. IBM's Enterprise AI Strategy Targets Security, Data Control and Trust IBM's Hybrid Cloud and AI Shift Is Reshaping Its 2026 Growth Outlook
• Positive Sentiment: Quantum-computing milestones: IBM and research partners reported demonstrations of “quantum advantage,” including simulations and logical-circuit work that reportedly exceed practical classical-computing capabilities. The results strengthen IBM’s technology narrative and could support longer-term commercial opportunities, although quantum revenue remains an emerging story. IBM and Algorithmiq Demonstrate Quantum Advantage
• Positive Sentiment: Banking-platform collaboration: IBM, Accenture and UniCredit are collaborating on a next-generation European banking platform, providing validation for IBM’s enterprise technology and consulting capabilities. UniCredit, Accenture and IBM Collaborate on Banking Platform
• Neutral Sentiment: Mixed valuation setup: The pullback has made IBM appear more attractively priced, but analysts still point to modest growth, leverage and a valuation that is not clearly cheap. Recent quarterly results met EPS expectations, while revenue fell short of consensus and rose only about 1% year over year.
• Negative Sentiment: Legal-investigation notices: Several law firms announced investigations into potential securities-law violations following IBM’s stock decline. These announcements are often promotional and do not establish wrongdoing, but they can add short-term headline pressure and uncertainty. Pomerantz IBM Investor Investigation

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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