McCollum Christoferson Group LLC Raises Position in International Business Machines Corporation $IBM

Key Points

• McCollum Christoferson Group LLC increased its IBM stake by 1,088.7% in the second quarter, bringing its holdings to 24,213 shares valued at $6.81 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains broadly positive, with 15 Buy, 11 Hold and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $265.40, despite several recent target-price cuts.
• IBM matched quarterly EPS expectations at $2.93 but missed revenue estimates, reporting $17.16 billion, while revenue rose 1.1% year over year. The company declared a $1.69 quarterly dividend, equivalent to a 2.9% yield, and recently announced a $240 million AI infrastructure agreement with Together AI.

McCollum Christoferson Group LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1,088.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,213 shares of the technology company's stock after purchasing an additional 22,176 shares during the period. International Business Machines makes up about 1.8% of McCollum Christoferson Group LLC's portfolio, making the stock its 20th biggest position. McCollum Christoferson Group LLC's holdings in International Business Machines were worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Lawood & Co. raised its holdings in International Business Machines by 2.9% during the 2nd quarter. Lawood & Co. now owns 6,696 shares of the technology company's stock valued at $1,883,000 after buying an additional 189 shares during the period. Perennial Advisors LLC boosted its stake in International Business Machines by 73.0% during the second quarter. Perennial Advisors LLC now owns 2,465 shares of the technology company's stock worth $693,000 after buying an additional 1,040 shares during the period. First City Capital Management Inc. increased its position in International Business Machines by 1.1% during the second quarter. First City Capital Management Inc. now owns 8,390 shares of the technology company's stock valued at $2,359,000 after acquiring an additional 93 shares during the last quarter. Uptown Financial Advisors LLC purchased a new stake in shares of International Business Machines in the second quarter valued at $209,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of International Business Machines in the second quarter valued at $279,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on IBM shares. Wall Street Zen cut shares of International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Needham & Company LLC assumed coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a "buy" rating on the stock. Citigroup decreased their price objective on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Barclays dropped their target price on International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, HSBC set a $175.00 price target on International Business Machines and gave the stock a "reduce" rating in a report on Thursday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and an average target price of $265.40.

International Business Machines Stock Performance

IBM stock opened at $235.96 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The business has a 50-day moving average price of $253.69 and a 200 day moving average price of $253.72. The company has a market capitalization of $222.30 billion, a P/E ratio of 20.94, a PEG ratio of 2.34 and a beta of 0.70. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's dividend payout ratio is presently 59.98%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM signed a multiyear, $240 million agreement with Together AI to build a large-scale AI inference cluster on IBM Cloud using NVIDIA HGX B300 systems and Spectrum-X networking. The platform is expected to be available in the first quarter of 2027 and could strengthen IBM’s position in enterprise AI and the emerging “neocloud” market. Together AI said demand is strong enough that the capacity could sell out before launch. IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
• Positive Sentiment: TD SYNNEX is expanding IBM distribution into 20 additional countries across Europe, Asia-Pacific and Latin America. The broader partner channel may improve IBM’s global reach and support sales of its infrastructure, software and services. TD SYNNEX Expands IBM Distribution to Accelerate Partner-Led Growth Worldwide
• Neutral Sentiment: IBM’s chief executive indicated that quantum computing could begin making a measurable contribution to revenue and earnings later in the decade. The opportunity supports IBM’s long-term technology narrative, but the delayed financial impact limits its importance to current results. This is when IBM's CEO says quantum computing could start to have a measurable impact on its bottom line
• Negative Sentiment: Commentary remains cautious about whether IBM’s AI investments will generate sufficient returns. The $240 million contract is strategically significant, but analysts and investors may view it as modest relative to the capital being committed across the AI industry and IBM’s overall revenue base. IBM Landed A $240M AI Deal. Is That Enough?
• Negative Sentiment: Two securities law firms announced investigations tied to the reported 25% selloff following management’s preview of weak second-quarter 2026 results. These announcements do not establish wrongdoing, but they add reputational and potential litigation overhang after the sharp decline. IBM $68 Billion Wipeout Amid Z Shortfall Triggers Investigation
• Negative Sentiment: IBM also completed a roughly CAD 997 million bond offering carrying a 4.75% coupon and maturing in 2034. The financing supports liquidity, but adds to leverage and interest expense concerns at a time when investors are focused on improving organic growth.

International Business Machines Company Profile

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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