Norris Perne & French LLP MI Purchases New Holdings in International Business Machines Corporation $IBM

Key Points

• Norris Perne & French LLP MI purchased 2,369 IBM shares during the third quarter, valued at approximately $521,000. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM reported quarterly revenue of $17.1 billion, up 4.7% year over year, while EPS of $2.95 exceeded analyst expectations of $2.85. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $266.12.
• IBM declared a quarterly dividend of $1.69 per share, equal to $6.76 annually and a 2.7% yield. Investors remain attentive to valuation, debt, slower Consulting growth and whether the software rebound can continue.

Norris Perne & French LLP MI purchased a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,369 shares of the technology company's stock, valued at approximately $521,000.

Other large investors have also bought and sold shares of the company. Harborfront Financial Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at $27,000. Hara Capital LLC bought a new position in shares of International Business Machines in the 2nd quarter worth $28,000. Bare Financial Services Inc boosted its position in shares of International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the first quarter worth $26,000. Finally, Caitlin John LLC acquired a new stake in shares of International Business Machines during the second quarter worth $35,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IBM. Wall Street Zen upgraded International Business Machines from a "sell" rating to a "hold" rating in a report on Saturday. Daiwa Securities Group cut their target price on International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group raised their target price on International Business Machines from $270.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday. Yorkville Ives assumed coverage on International Business Machines in a research report on Monday, October 5th. They set an "outperform" rating and a $275.00 target price for the company. Finally, Truist Financial set a $260.00 target price on International Business Machines in a research report on Thursday. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.12.

International Business Machines Price Performance

Shares of IBM opened at $253.69 on Friday. The stock has a 50 day simple moving average of $233.06 and a 200 day simple moving average of $243.70. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.74 and a current ratio of 0.85. The firm has a market capitalization of $239.01 billion, a PE ratio of 21.63, a P/E/G ratio of 2.43 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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 firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. During the same period last year, the company posted $2.65 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio is 57.63%.

Insider Activity

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

Key Stories Impacting 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 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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