International Business Machines Corporation $IBM Shares Newly Bought by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners bought 2,265 IBM shares worth approximately $498,000 during the third quarter. Institutional investors collectively own 58.96% of IBM’s outstanding stock.
• Analyst sentiment remains generally positive, with IBM carrying a “Moderate Buy” consensus rating and an average price target of $254.96; recent targets range from $230 to $280.
• IBM shares opened at $234.04, while the company reported quarterly EPS in line with estimates but revenue below expectations. IBM also maintains a $1.69 quarterly dividend, representing a 2.9% annual yield.

Harrell Investment Partners LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,265 shares of the technology company's stock, valued at approximately $498,000.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in International Business Machines in the second quarter valued at approximately $21,586,659,000. State Street Corp boosted its position in shares of International Business Machines by 2.7% during the second quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock worth $15,760,430,000 after buying an additional 1,450,562 shares during the period. Bank of America Corp DE grew its holdings in shares of International Business Machines by 7.0% in the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock valued at $3,893,669,000 after purchasing an additional 1,049,602 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in International Business Machines during the 2nd quarter worth $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in International Business Machines by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company's stock valued at $2,143,245,000 after buying an additional 53,388 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines News Summary

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

• Positive Sentiment: Potential earnings beat: Bank of America expects IBM to modestly exceed third-quarter estimates, while maintaining its 2026 outlook. The bank reiterated a “buy” rating and $280 price target, citing higher-margin software growth, improving profitability and strong free cash flow. IBM poised for modest third-quarter beat, says Bank of America
• Positive Sentiment: Analyst support: Morgan Stanley raised its IBM price target from $190 to $238, although it retained an “equal weight” rating. Royal Bank of Canada also reaffirmed its “outperform” rating, providing additional support ahead of earnings.
• Positive Sentiment: Semiconductor research collaboration: IBM and Siemens are working together to advance IBM’s nanostack transistor architecture. Siemens will contribute electronic-design automation, process simulation and manufacturing expertise, potentially strengthening IBM’s long-term semiconductor and technology prospects. IBM and Siemens Collaborate on Research to Advance Nanostack Architecture
• Neutral Sentiment: AI governance demand: IBM reported that 80% of surveyed EMEA executives had escalated an AI-related incident to their board or C-suite. The findings highlight a growing need for AI governance, cybersecurity and compliance services, but also show that many organizations are not yet prepared for autonomous AI agents. IBM Study on AI Incidents and Governance
• Negative Sentiment: Dividend and balance-sheet concerns: IBM’s century-long record of annual dividend increases is being tested by token-sized raises, rising debt and concerns that shareholder payouts could compete with funding for AI investments. IBM Dividend and Debt Concerns
• Negative Sentiment: Cash-flow quality and execution risks: Analysts note that much of IBM’s first-half operating-cash-flow improvement came from movements in financing receivables rather than clearly sustainable growth. Investors also remain focused on competition, margin pressure and whether AI and hybrid-cloud expansion can justify IBM’s premium valuation.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IBM shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $270.00 target price on shares of International Business Machines in a report on Tuesday. Morgan Stanley boosted their price target on International Business Machines from $190.00 to $238.00 and gave the company an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group set a $270.00 price target on shares of International Business Machines and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Robert W. Baird initiated coverage on International Business Machines in a report on Tuesday, July 21st. They set a "neutral" rating and a $230.00 target price on the stock. Finally, Argus cut their price objective on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $254.96.

Insider Activity at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Stock Up 2.7%

IBM stock opened at $234.04 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a 50-day moving average of $232.08 and a two-hundred day moving average of $243.66. The stock has a market capitalization of $220.50 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 EPS. As a group, equities research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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

International Business Machines Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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