Perennial Investment Advisors LLC Makes New Investment in International Business Machines Corporation $IBM

Key Points

• Perennial Investment Advisors bought 5,673 IBM shares worth approximately $1.6 million during the second quarter. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarter matched earnings expectations at $2.93 per share, while revenue of $17.16 billion fell short of estimates but increased 1.1% year over year. The company declared a quarterly dividend of $1.69, representing a 2.8% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $265.90, although recent target changes were mixed. IBM also faces a negative insider-trading signal after an executive sold 25,000 shares for about $5.8 million.

Perennial Investment Advisors LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,673 shares of the technology company's stock, valued at approximately $1,595,000.

Other large investors have also modified their holdings of the company. Basepoint Wealth LLC purchased a new position in International Business Machines during the 4th quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the fourth quarter worth about $28,000. Harborfront Financial Group LLC acquired a new stake in International Business Machines in the second quarter valued at about $27,000. Hara Capital LLC purchased a new stake in International Business Machines in the 2nd quarter valued at approximately $28,000. Finally, SWAN Capital LLC purchased a new stake in International Business Machines in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines News Summary

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

• Positive Sentiment: Quantum-computing milestone: IBM, Cleveland Clinic and RIKEN advanced to the finals of the 2026 ACM Gordon Bell Prize after using quantum-centric supercomputing to model a 12,635-atom protein. The recognition supports IBM’s long-term positioning in quantum computing and life-sciences applications. Cleveland Clinic, RIKEN and IBM Team Advance to Finals for 2026 ACM Gordon Bell Prize
• Positive Sentiment: AI and open-source collaboration: LTM is working with IBM and Red Hat on Lightwell, an initiative focused on AI-driven remediation of open-source software. The partnership reinforces IBM’s hybrid-cloud, Red Hat and enterprise-AI ecosystem. LTM Collaborates with IBM and Red Hat on Lightwell
• Positive Sentiment: Institutional demand and contracts: Quiver reported that 1,936 institutional investors increased IBM positions in the latest quarter, versus 1,592 that reduced holdings. JPMorgan, Sixth Street Partners and Wellington made sizable additions. The data also showed approximately $1.1 billion in government award payments over the past year, providing support for IBM’s public-sector business. IBM Stock Data and Institutional Activity
• Neutral Sentiment: Analyst comparison: Zacks said Arista Networks currently has an edge over IBM because of stronger performance, rising estimates and AI-cloud growth, although IBM offers exposure to cloud and AI at a potentially more moderate valuation. Arista vs. IBM
• Negative Sentiment: Insider selling: IBM Senior Vice President Robert David Thomas sold 25,000 shares for an estimated $5.8 million. Quiver also reported that congressional IBM trading included more sales than purchases, though the signal is not directly tied to operating performance. IBM Insider and Congressional Trading Data

International Business Machines Stock Performance

Shares of IBM stock opened at $240.12 on Thursday. The stock has a fifty day moving average price of $238.89 and a 200 day moving average price of $246.54. The stock has a market cap of $226.22 billion, a PE ratio of 21.31, a P/E/G ratio of 2.21 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. 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 (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 the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 EPS. Sell-side analysts forecast that International Business Machines Corporation will post 12.33 earnings per share 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. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.8%. International Business Machines's dividend payout ratio is currently 59.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets cut their target price on International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research note on Thursday, July 23rd. Morgan Stanley dropped their price objective on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Argus cut their price objective on International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Bank of America raised their target price on International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a report on Monday, July 6th. Finally, Citigroup decreased their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $265.90.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, 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 SEC, which is accessible through this link. Company insiders own 0.27% of the company's stock.

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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