G&S Capital LLC Lowers Stock Holdings in International Business Machines Corporation $IBM

Key Points

• G&S Capital LLC cut its IBM stake by 75.1% in the second quarter, selling 9,681 shares and retaining 3,213 shares valued at approximately $904,000. Institutional investors overall own 58.96% of IBM’s outstanding stock.
• IBM reported quarterly earnings of $2.93 per share, in line with estimates, while revenue of $17.16 billion fell short of the $17.46 billion consensus forecast; revenue still increased 1.1% year over year.
• IBM declared a quarterly dividend of $1.69 per share, representing a $6.76 annualized payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $265.40, above the reported share price of $238.62.

G&S Capital LLC reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 75.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,213 shares of the technology company's stock after selling 9,681 shares during the quarter. G&S Capital LLC's holdings in International Business Machines were worth $904,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in International Business Machines by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company's stock worth $28,796,390,000 after buying an additional 1,439,824 shares during the last quarter. State Street Corp boosted its stake in International Business Machines by 1.0% in the fourth quarter. State Street Corp now owns 54,996,293 shares of the technology company's stock worth $16,290,452,000 after buying an additional 518,321 shares in the last quarter. Geode Capital Management LLC grew its position in International Business Machines by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company's stock valued at $6,679,105,000 after acquiring an additional 336,069 shares during the last quarter. Capital World Investors grew its position in International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after acquiring an additional 4,976,756 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of International Business Machines by 7.0% during the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock worth $3,893,669,000 after acquiring an additional 1,049,602 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

IBM stock opened at $238.62 on Wednesday. The firm's 50-day moving average price is $255.09 and its two-hundred day moving average price is $254.13. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The stock has a market capitalization of $224.81 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.32 and a beta of 0.70. 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 (NYSE:IBM - Get Free Report) last issued 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 firm had revenue of $17.16 billion during 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.80 earnings per share. As a group, equities analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Robert W. Baird initiated coverage on shares of International Business Machines in a research note on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 price target for the company. Wall Street Zen lowered shares of International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Argus decreased their price objective on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Finally, Wedbush set a $350.00 target price on International Business Machines in a report on Tuesday, June 2nd. Fifteen investment 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

More International Business Machines News

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

• Positive Sentiment: AI infrastructure deal provides the clearest near-term catalyst. IBM signed a multi-year agreement valued at approximately $240 million with Together AI to build a large-scale open-source AI inference cluster on IBM Cloud. The system will use NVIDIA HGX B300 platforms and Spectrum-X networking, with availability expected in the first quarter of 2027. The contract supports IBM’s effort to turn AI demand into cloud revenue and strengthens its position in the growing inference market. Reuters article
• Positive Sentiment: IBM is broadening its partner-led sales reach. TD SYNNEX plans to expand IBM distribution into 20 additional countries across Europe, Asia-Pacific, and Latin America. The move could improve access to IBM’s cloud, software, and infrastructure offerings, although the direct financial impact is not yet quantified. TD SYNNEX expands IBM distribution article
• Neutral Sentiment: IBM raised CAD 997.11 million through fixed-rate notes. The 4.750% notes mature in 2034, giving investors updated information about IBM’s funding costs and capital structure. The proceeds provide liquidity, but the additional debt and interest expense are a consideration given the company’s existing leverage. IBM funding and stock attention article
• Neutral Sentiment: Quantum computing remains a longer-term growth narrative. Commentary citing IBM’s CEO suggests the technology could begin making a measurable contribution to results in coming years, but it is not an immediate earnings driver. IBM quantum computing outlook article
• Negative Sentiment: Risk concerns remain. A law firm announced an investigation into a sharp prior decline in IBM shares, while separate commentary raised concerns about whether massive industrywide AI infrastructure spending can generate adequate returns. These developments may limit enthusiasm despite the new AI contract. IBM securities investigation article

International Business Machines Profile

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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