International Business Machines Corporation $IBM Shares Sold by Birinyi Associates Inc.

Key Points

• Birinyi Associates cut its IBM position by 86.5% in the third quarter, selling 12,839 shares and retaining 2,000 shares valued at approximately $440,000.
• Institutional ownership remains substantial at 58.96%, with Wellington Management sharply increasing its stake and major firms including BlackRock and Bank of America establishing new positions.
• IBM reported quarterly earnings and revenue above analyst expectations, while analysts maintained a consensus “Moderate Buy” rating with a $266.12 target price; however, an insider sale and concerns about debt and dividend sustainability remain risks.

Birinyi Associates Inc. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 86.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the technology company's stock after selling 12,839 shares during the quarter. Birinyi Associates Inc.'s holdings in International Business Machines were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of International Business Machines in the second quarter valued at approximately $21,586,659,000. Bank of America Corp DE bought a new position in International Business Machines in the 2nd quarter worth approximately $4,214,868,000. Bank of New York Mellon Corp purchased a new position in International Business Machines in the 2nd quarter valued at approximately $2,606,782,000. Legal & General Group Plc purchased a new position in International Business Machines in the 2nd quarter valued at approximately $1,874,733,000. Finally, Wellington Management Group LLP grew its stake in International Business Machines by 2,362.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company's stock valued at $1,841,755,000 after buying an additional 6,283,395 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM introduced new AI-agent security controls that combine HashiCorp Vault, Agent Identity, and watsonx Orchestrate. The tools provide centralized governance, least-privilege access, real-time credential revocation, and sandboxed execution across hybrid-cloud environments, potentially strengthening IBM’s position in enterprise AI security. IBM Debuts AI Agent Security Controls For Hybrid Cloud
• Positive Sentiment: Analysts and commentators highlighted improving momentum in IBM’s software business, including its hybrid-cloud and enterprise infrastructure operations. IBM’s approximately $12 billion in free cash flow may support continued investment and shareholder returns. IBM’s Software Business Is Picking Up Speed
• Neutral Sentiment: Research reports project strong growth in service virtualization, edge computing, configuration-management systems, SMB IT spending, and battery-warranty analytics—markets in which IBM is listed as a participant. The reports indicate long-term addressable-market opportunities but do not represent new contracts or revenue guidance for IBM. Configuration Management Systems Global Strategic Business Report
• Neutral Sentiment: IBM’s opposition to blockchain-based stock trading reflects concerns about tokenized-market structures, but the issue appears unlikely to materially affect near-term financial results. Why Oracle, Intel, and IBM Are Saying No to Blockchain-Based Stock Trading
• Negative Sentiment: Concerns about IBM’s debt load and whether its long record of dividend increases can continue are weighing on the investment case. The stock’s decline during 2026 has made the dividend more attractive, but also highlights balance-sheet and payout sustainability risks. IBM Stock Is Down 13% in 2026. Is Its Dividend Still Safe?

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Truist Financial set a $260.00 target price on International Business Machines in a research report on Thursday, October 22nd. UBS Group lifted their price target on International Business Machines from $236.00 to $243.00 and gave the company a "neutral" rating in a research report on Thursday, October 22nd. Jefferies Financial Group lifted their price target on International Business Machines from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Daiwa Securities Group decreased their price objective on International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $270.00 price objective on shares of International Business Machines in a report on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and a consensus target price of $266.12.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $257.80 on Friday. The company has a 50 day moving average of $235.17 and a 200 day moving average of $249.93. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The stock has a market cap of $243.65 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.54 and a beta of 0.73. 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 posted its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $16.82 billion. During the same period in the prior year, the company posted $2.65 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio (DPR) is 57.63%.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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