International Business Machines Corporation $IBM Stock Purchased by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management increased its IBM stake by 25.8% in the third quarter, purchasing 3,239 additional shares and bringing its holdings to 15,808 shares valued at approximately $3.48 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM reported third-quarter revenue of $17.1 billion, up 4.7% year over year, while adjusted EPS of $2.95 exceeded analyst expectations. The company also raised its free-cash-flow outlook, although its revenue guidance remained broadly in line with consensus.
• Analysts give IBM a consensus “Moderate Buy” rating 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, while an IBM senior vice president separately sold 25,000 shares.

Evergreen Capital Management LLC boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 25.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,808 shares of the technology company's stock after buying an additional 3,239 shares during the quarter. Evergreen Capital Management LLC's holdings in International Business Machines were worth $3,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. BlackRock Inc. acquired a new position in shares of International Business Machines in the 2nd quarter valued at $21,586,659,000. State Street Corp raised its holdings in International Business Machines by 2.7% in the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock valued at $15,760,430,000 after buying an additional 1,450,562 shares during the period. Bank of America Corp DE raised its holdings in International Business Machines by 7.0% in the 1st quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock valued at $3,893,669,000 after buying an additional 1,049,602 shares during the period. Bank of New York Mellon Corp acquired a new position in International Business Machines in the second quarter valued at about $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in International Business Machines by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company's stock valued at $2,143,245,000 after buying an additional 53,388 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the 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 sale, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IBM shares. Craig Hallum assumed coverage on International Business Machines in a research report on Wednesday, August 19th. They set a "buy" rating for the company. Evercore decreased their target price on International Business Machines from $310.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, July 16th. Truist Financial set a $260.00 target price on International Business Machines in a report on Thursday. JPMorgan Chase & Co. lifted their target price on International Business Machines from $250.00 to $269.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, UBS Group boosted their price target on shares of International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a research note on Thursday. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and an average price target of $266.12.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM reported third-quarter revenue of $17.1 billion, up 4.7% year over year, while adjusted EPS of $2.95 exceeded analyst expectations. Software growth accelerated to 9% at constant currency, infrastructure demand improved, and operating pretax margins expanded by 70 basis points. IBM Beats Q3 Earnings Estimates on Software, Infrastructure Growth
• Positive Sentiment: Management raised its full-year free-cash-flow outlook, supported by stronger software performance, Red Hat demand and enterprise AI activity. Transaction-processing revenue also rose 10%, suggesting improving demand in key recurring-revenue businesses. IBM: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts raised their earnings estimates or price targets following the results. Erste Group increased its FY2027 EPS forecast to $13.40 from $13.13, while JPMorgan, RBC and Stifel reiterated positive ratings and lifted targets. IBM Analyst Estimates and Ratings
• Neutral Sentiment: IBM’s updated FY2026 revenue guidance of $70.2 billion to $70.9 billion broadly brackets the $70.4 billion consensus estimate. The outlook was not meaningfully raised, leaving investors focused on whether the software rebound can continue.
• Neutral Sentiment: IBM declared a quarterly dividend of $1.69 per share, or $6.76 annualized, reinforcing its appeal to income-oriented investors. A separate dividend-stock article highlighted IBM’s decades-long record of payout increases. IBM Declares $1.69 Dividend
• Negative Sentiment: Investors remain concerned that roughly half of the software growth benefited from the Confluent acquisition and that management’s unchanged revenue outlook implies slower growth later in the year. IBM’s comments that lower-cost, open-weight AI models can deliver comparable performance also raised questions about pricing power and AI monetization. Why Isn’t IBM’s Stock Bouncing Back After Strong Earnings Results?
• Negative Sentiment: Some analysts view IBM’s valuation as demanding relative to its modest underlying growth, while slower Consulting performance, debt and uncertainty over the durability of the software rebound could limit further upside.

International Business Machines Stock Up 0.1%

International Business Machines stock opened at $253.69 on Monday. The stock has a 50 day moving average of $233.06 and a two-hundred day moving average of $243.68. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock has a market capitalization of $239.77 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.50 and a beta of 0.73. 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 (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period in the previous year, the firm earned $2.65 EPS. The business's revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's dividend payout ratio (DPR) 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.

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