International Business Machines Corporation $IBM Stock Purchased by Convergence Financial LLC

Key Points

• Convergence Financial LLC more than doubled its IBM stake in the third quarter, increasing holdings by 127.4% to 8,327 shares valued at approximately $1.83 million. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly results above expectations, with $2.95 in adjusted EPS and $17.10 billion in revenue, while revenue rose 4.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $266.12.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to $6.76 annually and a 2.7% yield. Its AI-agent controls and quantum-computing developments support its long-term technology strategy, although technical momentum remains mixed.

Convergence Financial LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 127.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,327 shares of the technology company's stock after buying an additional 4,665 shares during the quarter. Convergence Financial LLC's holdings in International Business Machines were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Conning Inc. grew its holdings in shares of International Business Machines by 41.2% during the third quarter. Conning Inc. now owns 172,914 shares of the technology company's stock valued at $38,029,000 after buying an additional 50,494 shares during the last quarter. William Mack & Associates Inc. raised its stake in International Business Machines by 7.2% in the 3rd quarter. William Mack & Associates Inc. now owns 771 shares of the technology company's stock worth $170,000 after acquiring an additional 52 shares during the last quarter. Victory Financial Group LLC raised its stake in International Business Machines by 13.6% in the 3rd quarter. Victory Financial Group LLC now owns 2,709 shares of the technology company's stock worth $596,000 after acquiring an additional 324 shares during the last quarter. Busey Bank lifted its position in International Business Machines by 1.0% during the 3rd quarter. Busey Bank now owns 21,221 shares of the technology company's stock worth $4,667,000 after acquiring an additional 217 shares during the period. Finally, Generali Asset Management SPA SGR lifted its position in International Business Machines by 4.1% during the 3rd quarter. Generali Asset Management SPA SGR now owns 80,354 shares of the technology company's stock worth $17,672,000 after acquiring an additional 3,161 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Key International Business Machines News

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 Trading Up 1.2%

Shares of International Business Machines stock opened at $253.18 on Thursday. The stock 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 firm has a fifty day moving average price of $234.26 and a 200 day moving average price of $250.43. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.85 by $0.10. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.65 earnings per share. Equities research analysts predict that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is presently 57.63%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. Weiss Ratings upgraded International Business Machines from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 14th. UBS Group raised their price objective 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. Wall Street Zen raised International Business Machines from a "sell" rating to a "hold" rating in a report on Saturday, October 24th. Craig Hallum assumed coverage on International Business Machines in a report on Wednesday, August 19th. They set a "buy" rating for the company. Finally, Jefferies Financial Group upped their target price 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. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $266.12.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.

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.