International Business Machines Corporation $IBM Stock: Hoey Investments Inc. Reduces Holdings

Key Points

• Hoey Investments cut its IBM position by 97.2% in the third quarter, selling 6,477 shares and retaining just 185 shares worth approximately $41,000. Institutional investors collectively own 58.96% of IBM.
• IBM exceeded quarterly expectations, reporting $2.95 in earnings per share on $17.10 billion in revenue, with revenue up 4.7% year over year. The company also declared a $1.69 quarterly dividend, equivalent to a 2.6% annual yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $266.12; targets range from $174 to $280. IBM shares opened at $257.80, while an insider separately sold 25,000 shares.

Hoey Investments Inc. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 97.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185 shares of the technology company's stock after selling 6,477 shares during the quarter. Hoey Investments Inc.'s holdings in International Business Machines were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of International Business Machines by 24.8% in the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after purchasing an additional 12,791 shares during the period. Flputnam Investment Management Co. purchased a new stake in International Business Machines during the 2nd quarter worth $15,237,000. Beacon Investment Advisory Services Inc. increased its stake in International Business Machines by 939.4% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company's stock worth $8,575,000 after buying an additional 27,561 shares during the period. St. Louis Financial Planners Asset Management LLC lifted its holdings in International Business Machines by 34.6% in the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company's stock worth $4,121,000 after buying an additional 3,659 shares in the last quarter. Finally, Evercore Wealth Management LLC lifted its holdings in International Business Machines by 9.0% in the 1st quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company's stock worth $15,222,000 after buying an additional 5,196 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.2%

Shares of NYSE:IBM opened at $257.80 on Friday. The firm has a market cap of $243.65 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The company has a fifty day simple moving average of $235.17 and a 200 day simple 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. 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 2.6%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio is 57.63%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. Evercore decreased their price objective on shares of International Business Machines from $310.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, July 16th. HSBC dropped their target price on International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. UBS Group boosted their price target on International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Citigroup increased their price target on International Business Machines from $245.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Finally, Robert W. Baird increased their price target on International Business Machines from $230.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $266.12.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible 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: 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?

International Business Machines 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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