Saudi Central Bank Has $18.46 Million Stake in International Business Machines Corporation $IBM

Key Points

• Saudi Central Bank increased its IBM holdings by 90.3% in the second quarter, reaching 65,662 shares valued at approximately $18.46 million. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly earnings of $2.93 per share, matching estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.16.
• IBM’s AI and quantum-computing initiatives continue to support its growth narrative, but sentiment faces pressure from an executive’s $5.76 million stock sale. The company also pays a quarterly dividend of $1.69 per share, representing a 2.7% annualized yield.

Saudi Central Bank grew its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 90.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,662 shares of the technology company's stock after acquiring an additional 31,160 shares during the period. Saudi Central Bank's holdings in International Business Machines were worth $18,465,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Orca Wealth Management LLC grew its stake in International Business Machines by 3.7% during the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock worth $285,000 after purchasing an additional 35 shares during the period. Friday Financial lifted its stake in International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after buying an additional 35 shares during the period. First Command Advisory Services Inc. boosted its holdings in shares of International Business Machines by 1.1% during the 4th quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock worth $1,025,000 after buying an additional 36 shares in the last quarter. Argent Advisors Inc. grew its position in shares of International Business Machines by 0.8% during the 4th quarter. Argent Advisors Inc. now owns 4,655 shares of the technology company's stock worth $1,379,000 after buying an additional 37 shares during the period. Finally, Weik Capital Management grew its position in shares of International Business Machines by 0.6% during the 4th quarter. Weik Capital Management now owns 6,162 shares of the technology company's stock worth $1,825,000 after buying an additional 37 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: IBM’s AI deployment with a Turkish credit bureau will process approximately 23 million transactions daily, providing evidence that its technology is being used at production scale. The contract’s financial value was not disclosed, limiting the immediate earnings impact. IBM's New AI Deal Must Handle 23 Million Transactions Daily
• Positive Sentiment: IBM’s collaboration with NASA to release an open-source lunar foundation model enhances its credibility in specialized AI. The model analyzes lunar data for features such as craters, ice deposits and volcanic activity, potentially supporting future government and research workloads. IBM Takes its AI Strategy Beyond Earth with NASA Lunar Model
• Positive Sentiment: Technical traders see IBM potentially breaking above the $239 resistance level after forming an ascending-triangle pattern. Sustained trading above that level could reinforce momentum and attract additional buyers. Stock of the Day: Did IBM Just Break Out?
• Neutral Sentiment: NVIDIA’s CUDA-Q Logical platform includes IBM quantum hardware in early benchmarking and could make hybrid GPU-quantum computing more practical. The development supports IBM’s long-term quantum ecosystem, but commercial revenue and adoption remain uncertain. Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
• Neutral Sentiment: Europe’s green IT software market is forecast to more than double by 2031 as companies address sustainability reporting and energy optimization. IBM is listed among the potential beneficiaries, although the report does not identify new IBM revenue or contracts. Europe Green IT Software Forecasts Growth
• Negative Sentiment: Quiver Quantitative data shows an IBM senior vice president sold 25,000 shares, while broader insider activity over the past six months included no purchases. The sale may weigh modestly on sentiment, though it does not necessarily indicate a change in IBM’s fundamentals. IBM Stock Opinions on Recent Price Surge and AI Deals
• Negative Sentiment: IBM’s reported settlement of discrimination-related claims tied to Trump-era diversity, equity and inclusion policies adds legal and reputational risk, although the article provides limited detail on IBM’s payment or potential financial exposure. Consulting's Trump-era DEI Bill

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts recently issued reports on IBM shares. Piper Sandler upgraded shares of International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reduced their price target on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Robert W. Baird started coverage on shares of International Business Machines in a research note on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 price target for the company. HSBC set a $175.00 price objective on shares of International Business Machines and gave the company a "reduce" rating in a report on Thursday, July 16th. Finally, Susquehanna raised their target price on International Business Machines from $225.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $265.16.

International Business Machines Trading Down 0.3%

Shares of IBM stock opened at $248.39 on Wednesday. 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 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The company has a 50-day simple moving average of $234.72 and a two-hundred day simple moving average of $246.74. The company has a market capitalization of $234.01 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.37 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The firm 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 company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 EPS. Research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is 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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