Royal London Asset Management Ltd. Sells 3,729 Shares of International Business Machines Corporation $IBM

Key Points

• Royal London Asset Management reduced its IBM position by 3,729 shares, or 0.8%, to 436,289 shares valued at approximately $122.7 million. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly revenue of $17.16 billion and adjusted earnings of $2.93 per share, with revenue up 1.1% year over year but below analyst estimates. The company pays a quarterly dividend of $1.69 per share, representing a 2.8% yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average price target of $265.90, although several firms recently lowered their targets. IBM’s AI, hybrid-cloud and quantum-computing initiatives offer long-term growth potential, while near-term financial benefits remain uncertain.

Royal London Asset Management Ltd. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,289 shares of the technology company's stock after selling 3,729 shares during the quarter. Royal London Asset Management Ltd.'s holdings in International Business Machines were worth $122,689,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IBM. Basepoint Wealth LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in International Business Machines during the first quarter valued at $26,000. Harborfront Financial Group LLC purchased a new position in International Business Machines during the second quarter worth about $27,000. Cornerstone Financial Management LLC bought a new position in International Business Machines in the 4th quarter worth about $28,000. Finally, Hara Capital LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated 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 directly owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

International Business Machines Stock Up 3.9%

Shares of International Business Machines stock opened at $243.14 on Friday. 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 52-week low of $199.19 and a 52-week high of $332.46. The company's 50 day moving average price is $236.88 and its 200-day moving average price is $246.36. The stock has a market capitalization of $229.07 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.23 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion during 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 firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.80 EPS. Equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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

More International Business Machines News

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on IBM shares. JPMorgan Chase & Co. cut their price objective on International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, July 17th. Morgan Stanley dropped their target price on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets cut their price target on shares of 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. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Finally, Wedbush set a $350.00 price objective on shares of International Business Machines in a research report on Tuesday, June 2nd. Sixteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $265.90.

About International Business Machines

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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