International Business Machines Corporation $IBM Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its IBM position by 14.1% in the third quarter, selling 10,229 shares and retaining 62,357 shares valued at approximately $13.7 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched 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 pays a quarterly dividend of $1.69, representing a 2.9% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $254.96, although views range from neutral to bullish and concerns persist over valuation, debt and limited dividend growth.

Banque Pictet & Cie SA lowered its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,357 shares of the technology company's stock after selling 10,229 shares during the quarter. Banque Pictet & Cie SA's holdings in International Business Machines were worth $13,714,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Friday Financial raised its position in shares of International Business Machines by 1.9% during the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock worth $583,000 after purchasing an additional 35 shares during the period. Trinity Wealth Management LLC lifted its stake in International Business Machines by 2.3% in the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company's stock valued at $477,000 after buying an additional 38 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of International Business Machines by 3.6% during the second quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company's stock valued at $307,000 after acquiring an additional 38 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of International Business Machines by 4.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company's stock worth $261,000 after acquiring an additional 41 shares during the period. Finally, Basecamp Wealth Advisors LLC increased its holdings in shares of International Business Machines by 2.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,598 shares of the technology company's stock worth $387,000 after acquiring an additional 44 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $232.58 on Friday. The business's 50-day moving average price is $231.99 and its two-hundred day moving average price is $243.58. 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 one year low of $199.19 and a one year high of $332.46. The company has a market capitalization of $219.12 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.23 and a beta of 0.73.

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

International Business Machines Announces Dividend

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 $1.69 dividend. 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 dividend payout ratio is currently 59.98%.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company's stock.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Bank of America expects IBM to deliver a modest third-quarter earnings beat while maintaining its 2026 outlook. The bank reiterated its Buy rating and $280 price target, citing higher-margin software, improving profitability and strong free cash flow. IBM poised for modest third-quarter beat, says Bank of America
• Positive Sentiment: Analysts expect software revenue to benefit from AI innovation, strategic partnerships and expanding enterprise-cloud capabilities. Consulting revenue is also projected to show modest growth, supported by technology demand, AI partnerships and cybersecurity-related expansion. IBM software revenue earnings preview
• Positive Sentiment: IBM and Siemens are collaborating on IBM’s nanostack transistor architecture, combining IBM semiconductor research with Siemens’ design-automation and manufacturing software. The initiative reinforces IBM’s long-term investment in advanced chips and computing technology. Siemens joins IBM nanostack research effort
• Neutral Sentiment: IBM reports third-quarter results next week, and options traders are pricing in a potential move of roughly 8% after the release. The elevated implied volatility signals substantial uncertainty rather than a clearly bullish or bearish expectation. IBM options market expects major post-earnings move
• Neutral Sentiment: Morgan Stanley raised its IBM price target to $238 but maintained an Equal Weight rating, implying limited near-term upside at the referenced price. RBC separately reaffirmed its Outperform rating. RBC reaffirms IBM Outperform rating
• Negative Sentiment: Investor concerns remain about IBM’s valuation, rising debt and limited dividend growth. Commentary noted that the company’s long record of annual dividend increases has recently involved only small raises, potentially constraining its appeal to income-focused investors while it funds AI initiatives. IBM dividend and debt concerns

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. HSBC reduced their price target on International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. BMO Capital Markets lowered their price target on International Business Machines from $270.00 to $230.00 and set a "market perform" rating on the stock in a report on Thursday, July 23rd. Robert W. Baird initiated coverage on shares of International Business Machines in a research note on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price objective on the stock. Craig Hallum assumed coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group set a $270.00 target price on shares of International Business Machines and gave the company a "buy" rating in a research note on Thursday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $254.96.

About International Business Machines

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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