International Business Machines Corporation $IBM Stock Purchased by Summit Global Investments

Summit Global Investments grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 89.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,713 shares of the technology company's stock after acquiring an additional 2,691 shares during the period. Summit Global Investments' holdings in International Business Machines were worth $1,256,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IBM. BlackRock Inc. bought a new stake in shares of International Business Machines in the second quarter valued at about $21,586,659,000. Bank of America Corp DE bought a new stake in shares of International Business Machines in the 2nd quarter valued at $4,214,868,000. Bank of New York Mellon Corp bought a new stake in shares of International Business Machines in the 2nd quarter valued at $2,606,782,000. Legal & General Group Plc acquired a new stake in shares of International Business Machines during the second quarter worth $1,874,733,000. Finally, Wellington Management Group LLP increased its position in shares of International Business Machines by 2,362.2% during the second quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company's stock worth $1,841,755,000 after buying an additional 6,283,395 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM opened at $257.80 on Monday. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company has a market cap of $243.65 billion, a PE ratio of 21.98, a P/E/G ratio of 2.54 and a beta of 0.78. The stock has a 50-day moving average of $235.17 and a 200-day moving average of $249.93. 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.65 EPS. On average, equities research analysts predict that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's dividend payout ratio is presently 57.63%.

Key International Business Machines News

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?

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on 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 transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IBM shares. Daiwa Securities Group dropped their target price on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Barclays increased their price target on International Business Machines from $262.00 to $277.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. HSBC lowered their price objective on International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. Jefferies Financial Group boosted their price objective on International Business Machines from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Finally, Robert W. Baird raised their target price on International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $266.12.

About International Business Machines

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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