International Business Machines Corporation $IBM Stake Boosted by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its stake in IBM by 17% in Q4, adding 92,970 shares to hold 640,490 shares worth about $189.7 million (roughly 0.07% of the company).
• IBM beat Q1 expectations, reporting $1.91 EPS versus $1.81 expected and $15.92 billion in revenue (up 9.5% year‑over‑year), while analysts maintain a consensus "Moderate Buy" with an average price target of $296.18.
• Dividend increased to $1.69 per quarter (annualized $6.76) for a roughly 3.0% yield, with a record date of May 8 and payment on June 10.

Pictet Asset Management Holding SA increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 640,490 shares of the technology company's stock after purchasing an additional 92,970 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of International Business Machines worth $189,724,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Family CFO Inc bought a new position in International Business Machines during the fourth quarter worth $25,000. Mountain Hill Investment Partners Corp. bought a new position in International Business Machines during the third quarter worth $28,000. SWAN Capital LLC bought a new position in International Business Machines during the third quarter worth $28,000. DecisionPoint Financial LLC lifted its stake in International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in International Business Machines during the fourth quarter worth $31,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on International Business Machines from $215.00 to $225.00 and gave the company an "equal weight" rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on International Business Machines from $317.00 to $283.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Citigroup assumed coverage on International Business Machines in a research note on Friday, April 10th. They issued a "buy" rating and a $285.00 target price on the stock. DZ Bank upgraded International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price on the stock in a research note on Friday. Finally, HSBC upgraded International Business Machines to a "hold" rating and set a $231.00 target price on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $296.18.

International Business Machines Price Performance

Shares of IBM opened at $227.99 on Tuesday. The firm has a market capitalization of $214.29 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a one year low of $220.72 and a one year high of $324.90. The stock's fifty day moving average is $245.18 and its 200-day moving average is $279.88.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 37.23% and a net margin of 15.61%.The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines's dividend payout ratio is 59.42%.

Insiders Place Their Bets

In other International Business Machines news, Director Michael Miebach purchased 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were bought at an average cost of $233.33 per share, with a total value of $101,265.22. Following the completion of the acquisition, the director owned 434 shares of the company's stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David N. Farr purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the acquisition, the director directly owned 9,258 shares of the company's stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 1,484 shares of company stock worth $417,157 over the last three months. Corporate insiders own 0.27% of the company's stock.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: High‑profile endorsements and positive takes on IBM’s quantum/AI positioning support the bull case — Jim Cramer named IBM one of his top quantum computing picks, reinforcing investor interest in IBM’s differentiated tech roadmap. International Business Machines (IBM) is One of Jim Cramer’s Top Quantum Computing Stocks
• Positive Sentiment: Company-level cash flow guidance is attracting buy‑the‑dip interest — analysis points to roughly $1 billion of incremental free cash flow that could support buybacks/dividend and valuation re-rating. A $1 Billion Reason to Buy the Dip in IBM Stock
• Positive Sentiment: Independent commentators argue the post‑earnings selloff is overdone, citing IBM’s quantum + AI story as mispriced — a contrarian bullish view that may entice longer‑term investors. IBM’s Post‑Earnings Slide is Overdone. The Quantum AI Story is Mispriced and Misunderstood
• Positive Sentiment: Market reports highlight IBM as a leader in the global AI software platforms market, underscoring revenue opportunity from enterprise AI adoption. Artificial Intelligence Software Platforms Global Market Report 2026: Google, Microsoft, AWS, Tencent, and IBM Led the $79.38 Billion Market in 2025
• Positive Sentiment: Partner ecosystem updates (low‑code Valence platform for IBM i adding AI features) reinforce IBM’s enterprise software ecosystem and could support steady licensing/maintenance revenue. CNX Rolls Out Robust AI Capabilities With Valence 6.4, the Low-Code Platform for IBM i
• Neutral Sentiment: Zacks and other retail‑facing writeups note heavy user interest in IBM and summarize the Q1 beat, keeping the name in focus though without new catalyst. International Business Machines Corporation (IBM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Coverage tying IBM to broader chip/AI ecosystem stories (e.g., Arm partnership mentions) highlights optionality but not an immediate earnings driver. Is It Too Late to Buy Arm Stock?
• Negative Sentiment: Analyst moves and notes are weighing on sentiment — BMO trimmed its price target (citing softer-than-expected software organic growth) and reiterated Market Perform, pressuring near‑term momentum. BMO Trims IBM Target on Soft Growth, Wedbush Sees AI Tailwinds
• Negative Sentiment: Critical takes point to structural concerns — Forbes and other analysts warn that hardware/cyclical strength may be masking deceleration in higher‑margin software and consulting, which could limit margin expansion. A Strong Quarter Does Not Make IBM Stock A Strong Buy
• Negative Sentiment: Analyst/confidence noise and “what management didn’t say” summaries (Seeking Alpha) add to investor caution and explain some of today’s selling pressure. CliffsNotes IBM, Boeing Earnings Summaries: Boeing's OK; IBM Is All About What Management Didn't Say

About International Business Machines

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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