New Mexico Educational Retirement Board Increases Holdings in International Business Machines Corporation $IBM

New Mexico Educational Retirement Board grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,447 shares of the technology company's stock after acquiring an additional 3,300 shares during the quarter. New Mexico Educational Retirement Board's holdings in International Business Machines were worth $13,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. BlackRock Inc. purchased a new stake in shares of International Business Machines during the 2nd quarter valued at approximately $21,586,659,000. Bank of America Corp DE acquired a new stake in shares of International Business Machines in the second quarter valued at $4,214,868,000. Bank of New York Mellon Corp purchased a new stake in International Business Machines during the 2nd quarter worth approximately $2,606,782,000. Norges Bank purchased a new stake in shares of International Business Machines during the fourth quarter worth $2,446,429,000. Finally, Legal & General Group Plc acquired a new position in International Business Machines during the 2nd quarter worth $1,874,733,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Lunar AI partnership with NASA: IBM and NASA released the open-source Lunar Foundation Model, trained on decades of lunar observation data. The model reportedly outperformed widely used mapping methods by up to 23% in identifying features such as ice deposits, craters and volcanic formations. The announcement strengthens IBM’s profile in scientific AI, although near-term revenue is likely limited. IBM and NASA Release Open-Source AI Model to Support Lunar Exploration
• Positive Sentiment: Swiss quantum-computing hub: IBM and Lockheed Martin are establishing a quantum innovation hub at ETH Zurich through Switzerland’s defense-offset program. The Swiss National Supercomputing Centre is expected to host the country’s first IBM Quantum System Two, powered by IBM’s Nighthawk r2 processor and integrated with the Alps supercomputer. The arrangement could provide IBM with a government-supported, multi-year deployment while expanding access to researchers and businesses. Research will focus on quantum sensing, navigation and advanced materials. IBM and Lockheed Martin Announce Swiss Quantum Innovation Hub
• Neutral Sentiment: Analyst coverage continues to frame IBM as a diversified way to gain exposure to enterprise AI, hybrid cloud and quantum computing. However, the announcements are primarily strategic and research-oriented, so their effect on revenue and earnings may take years to materialize.
• Negative Sentiment: IBM recently underperformed the broader market, while a shareholder-rights law firm announced an investigation tied to management’s prior preview of weak second-quarter 2026 results. The investigation is not an allegation of wrongdoing, but it adds headline and legal risk. IBM Shareholder Investigation

Insider Buying and Selling

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. BMO Capital Markets reduced their target price on shares of International Business Machines from $270.00 to $230.00 and set a "market perform" rating on the stock in a report on Thursday, July 23rd. Barclays lowered their price target on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Jefferies Financial Group dropped their price objective on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. HSBC set a $175.00 price objective on shares of International Business Machines and gave the stock a "reduce" rating in a research report on Thursday, July 16th. Finally, Piper Sandler raised International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.90.

International Business Machines Stock Up 3.9%

Shares of NYSE IBM opened at $243.14 on Friday. The firm has a market cap of $229.07 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.71. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The firm's 50 day moving average price is $236.88 and its 200 day moving average price is $246.36.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts' consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the business posted $2.80 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were issued a $1.69 dividend. The ex-dividend date was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. International Business Machines's payout ratio is currently 59.98%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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