International Business Machines Corporation $IBM Shares Sold by State of Michigan Retirement System

Key Points

• State of Michigan Retirement System sold 7,200 IBM shares, trimming its position by 2.9% to 244,740 shares valued at $72.5M, while large funds like Vanguard and Capital World Investors added to holdings and institutional investors now own 58.96% of the company; insiders purchased 1,484 shares worth $417,157 in the last 90 days.
• IBM beat Q1 estimates (revenue $15.92B, EPS $1.91 vs $1.81 est.) but reiterated full‑year guidance, prompting analyst target cuts and a post‑earnings selloff; consensus rating is "Moderate Buy" with an average target of $300.25.
• Dividend raised to $1.69 quarterly (31st consecutive annual increase), implying a $6.76 annual payout and roughly a 2.9% yield, with an ex‑dividend/record schedule in May/June.

State of Michigan Retirement System cut its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,740 shares of the technology company's stock after selling 7,200 shares during the quarter. State of Michigan Retirement System's holdings in International Business Machines were worth $72,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Capital World Investors lifted its position in shares of International Business Machines by 13.9% in the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock worth $4,809,461,000 after buying an additional 2,077,506 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $28,796,390,000 after buying an additional 1,439,824 shares during the period. First Trust Advisors LP grew its position in shares of International Business Machines by 39.6% during the 3rd quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company's stock valued at $861,401,000 after buying an additional 865,253 shares during the last quarter. Franklin Resources Inc. raised its stake in International Business Machines by 64.7% during the third quarter. Franklin Resources Inc. now owns 2,162,741 shares of the technology company's stock worth $610,239,000 after acquiring an additional 849,500 shares during the period. Finally, Amundi raised its stake in International Business Machines by 17.9% during the third quarter. Amundi now owns 4,777,516 shares of the technology company's stock worth $1,382,695,000 after acquiring an additional 725,191 shares during the period. Institutional investors own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The stock was bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director owned 9,258 shares of the company's stock, valued at $2,814,432. The trade was a 12.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Miebach purchased 434 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $233.33 per share, with a total value of $101,265.22. Following the purchase, the director owned 434 shares of the company's stock, valued at approximately $101,265.22. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 1,484 shares of company stock worth $417,157 in the last ninety days. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on IBM shares. Royal Bank Of Canada decreased their target price on International Business Machines from $361.00 to $330.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Morgan Stanley increased their price target on International Business Machines from $215.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Thursday. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Argus set a $360.00 price objective on International Business Machines in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and an average target price of $300.25.

Key International Business Machines News

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

• Positive Sentiment: DZ Bank upgraded IBM to Buy with a $295 price target, giving bullish analyst support and a clear catalyst for buyers. DZ Bank Upgrades IBM to Buy With a $295 Price Target
• Positive Sentiment: IBM unveiled a new AI model aimed at better understanding fusion plasma — a positive long-term innovation narrative that supports IBM’s AI/technology credentials beyond near-term software metrics. IBM’s New AI Model Could Help Unlock Fusion Power
• Positive Sentiment: IBM raised its quarterly dividend to $1.69 (31st consecutive annual raise), which supports income-focused investor demand. What IBM's Q1 Beat and 31st Dividend Hike Mean
• Neutral Sentiment: IBM beat Q1 revenue and EPS estimates (revenue ~$15.9B, EPS $1.91) but management largely reiterated full‑year guidance — the beat removes one concern but the unchanged outlook limits upside momentum. IBM Q1 Deep Dive
• Neutral Sentiment: Broader market and sector context (software volatility, geopolitical oil/Strait of Hormuz risks) are contributing background noise that can amplify short-term swings but aren’t IBM‑specific fundamentals. US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
• Negative Sentiment: Investors punished the stock after earnings because software growth was viewed as underwhelming versus AI hype; this sparked a sharp post‑earnings selloff (double‑digit moves intraday in recent sessions). IBM slides 8% as investors digest Q1 beat
• Negative Sentiment: Some analysts trimmed targets or expressed concern about near‑term AI monetization, including a recent target cut that helped fuel selling pressure. Stock Down After Analyst Target Cut

International Business Machines Trading Down 0.0%

International Business Machines stock opened at $231.88 on Monday. International Business Machines Corporation has a 52-week low of $220.72 and a 52-week high of $324.90. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $217.94 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.41 and a beta of 0.69. The firm has a 50-day moving average price of $245.87 and a two-hundred day moving average price of $280.31.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 earnings per share. Sell-side analysts expect that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a $1.69 dividend. The ex-dividend date is Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.9%. This is an increase from International Business Machines's previous quarterly dividend of $1.68. International Business Machines's payout ratio is 59.42%.

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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