International Business Machines Corporation $IBM Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson reduced its IBM stake by 6.8% in the third quarter, selling 12,542 shares and retaining 172,560 shares valued at approximately $38.0 million. Institutional investors collectively own 58.96% of IBM.
• Analysts maintain a generally positive but cautious outlook: IBM has a consensus “Moderate Buy” rating and an average price target of $266.12, while individual target prices ranged from $217 to $310.
• IBM reported quarterly EPS of $2.95 and revenue of $17.10 billion, exceeding estimates, and announced a quarterly dividend of $1.69 per share, equivalent to a 2.7% annualized yield.

D.A. Davidson & CO. lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,560 shares of the technology company's stock after selling 12,542 shares during the quarter. D.A. Davidson & CO.'s holdings in International Business Machines were worth $37,951,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harborfront Financial Group LLC purchased a new position in shares of International Business Machines in the second quarter valued at $27,000. Hara Capital LLC acquired a new stake in International Business Machines during the 2nd quarter valued at $28,000. Bare Financial Services Inc increased its stake in International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after buying an additional 55 shares during the period. Caitlin John LLC purchased a new stake in International Business Machines during the 2nd quarter worth $35,000. Finally, Axiom Investment Management LLC purchased a new stake in International Business Machines during the 1st quarter worth $36,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Daiwa Securities Group cut their price objective on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Truist Financial set a $260.00 target price on International Business Machines in a research report on Thursday, October 22nd. Evercore dropped their target price on International Business Machines from $310.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, July 16th. Morgan Stanley boosted their price target on International Business Machines from $238.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 22nd. Finally, BMO Capital Markets increased their price target on International Business Machines from $230.00 to $265.00 and gave the company a "market perform" rating in a report on Thursday, October 22nd. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $266.12.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction dated 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 owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company's stock.

International Business Machines News Roundup

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

• Positive Sentiment: Quantum-computing milestone: IBM reported a breakthrough in which researchers connected quantum processors while achieving 99% accuracy. The development strengthens IBM’s long-term technology narrative, although the commercial impact is likely to take time. IBM Achieves 99% Accuracy in Major Quantum Computing Breakthrough
• Positive Sentiment: AI-agent controls support enterprise strategy: IBM introduced tools for agent discovery, verified identities, access controls and performance monitoring. These capabilities could help enterprises deploy AI agents more securely and expand demand for IBM’s software, cloud and consulting offerings. IBM Introduces Identity and Control for AI Agents
• Positive Sentiment: Five-year U.S. Open renewal: IBM will remain the official AI and cloud partner of the U.S. Open through 2031. Record engagement of more than 270 million interactions across tournament digital platforms provides evidence of customer adoption and brand visibility, though the direct financial contribution is not disclosed. USTA and IBM Announce Five-Year Renewal
• Positive Sentiment: Cash-flow outlook: Commentary highlighting IBM’s expectation for free cash flow to increase by more than $1 billion in 2026 supports the investment case for dividends, debt reduction and shareholder returns. A $1 Billion Reason to Consider Buying the IBM Stock Dip
• Neutral Sentiment: Mixed comparative outlook: Analysts comparing IBM with Qualcomm see both companies expanding in AI, but differing growth rates, competitive pressures and valuations make the relative upside uncertain. IBM’s appeal is centered on enterprise relationships and recurring software and cloud revenue rather than rapid growth. IBM vs. Qualcomm: Which AI Tech Giant Has More Upside Now?
• Neutral Sentiment: Analyst stance remains cautious: Susquehanna maintained a Hold rating, suggesting the recent AI and quantum announcements have not yet changed the broader risk-reward assessment.
• Negative Sentiment: Technical weakness: A report that IBM shares fell below their 200-day moving average signals deteriorating momentum and may encourage short-term selling, even as longer-term investors focus on cash flow and AI growth. IBM Shares Break Below Two Hundred Day Moving Average

International Business Machines Stock Up 1.2%

Shares of NYSE:IBM opened at $253.18 on Thursday. The firm has a market cap of $239.29 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.73. The company has a fifty day simple moving average of $234.26 and a 200 day simple moving average of $250.43. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. 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 quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.