SteelPeak Wealth LLC Sells 5,334 Shares of International Business Machines Corporation $IBM

Key Points

• SteelPeak Wealth reduced its IBM stake by 15.6% in the second quarter, selling 5,334 shares and retaining 28,833 shares valued at approximately $8.1 million. Institutional investors own 58.96% of IBM’s outstanding stock.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue of $17.16 billion missed expectations of $17.46 billion but increased 1.1% year over year. The company declared a $1.69 quarterly dividend, representing a 2.9% annualized yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $265.40 price target, although recent targets varied sharply. IBM’s growth outlook is supported by a $240 million AI infrastructure deal with Together AI, while concerns include cautious returns on AI investments, added debt, and investigations following a reported 25% share-price selloff.

SteelPeak Wealth LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 15.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,833 shares of the technology company's stock after selling 5,334 shares during the quarter. SteelPeak Wealth LLC's holdings in International Business Machines were worth $8,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $25,000. Joseph Group Capital Management purchased a new position in shares of International Business Machines during the 4th quarter valued at $28,000. Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $28,000. SWAN Capital LLC bought a new position in shares of International Business Machines in the third quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of International Business Machines in the fourth quarter worth $31,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $235.96 on Thursday. The company has a market capitalization of $222.30 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.34 and a beta of 0.70. The business has a 50 day moving average of $253.69 and a 200 day moving average of $253.72. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

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, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm 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 firm posted $2.80 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines's payout ratio is currently 59.98%.

International Business Machines News Summary

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

• Positive Sentiment: IBM signed a multiyear, $240 million agreement with Together AI to build a large-scale AI inference cluster on IBM Cloud using NVIDIA HGX B300 systems and Spectrum-X networking. The platform is expected to be available in the first quarter of 2027 and could strengthen IBM’s position in enterprise AI and the emerging “neocloud” market. Together AI said demand is strong enough that the capacity could sell out before launch. IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
• Positive Sentiment: TD SYNNEX is expanding IBM distribution into 20 additional countries across Europe, Asia-Pacific and Latin America. The broader partner channel may improve IBM’s global reach and support sales of its infrastructure, software and services. TD SYNNEX Expands IBM Distribution to Accelerate Partner-Led Growth Worldwide
• Neutral Sentiment: IBM’s chief executive indicated that quantum computing could begin making a measurable contribution to revenue and earnings later in the decade. The opportunity supports IBM’s long-term technology narrative, but the delayed financial impact limits its importance to current results. This is when IBM's CEO says quantum computing could start to have a measurable impact on its bottom line
• Negative Sentiment: Commentary remains cautious about whether IBM’s AI investments will generate sufficient returns. The $240 million contract is strategically significant, but analysts and investors may view it as modest relative to the capital being committed across the AI industry and IBM’s overall revenue base. IBM Landed A $240M AI Deal. Is That Enough?
• Negative Sentiment: Two securities law firms announced investigations tied to the reported 25% selloff following management’s preview of weak second-quarter 2026 results. These announcements do not establish wrongdoing, but they add reputational and potential litigation overhang after the sharp decline. IBM $68 Billion Wipeout Amid Z Shortfall Triggers Investigation
• Negative Sentiment: IBM also completed a roughly CAD 997 million bond offering carrying a 4.75% coupon and maturing in 2034. The financing supports liquidity, but adds to leverage and interest expense concerns at a time when investors are focused on improving organic growth.

Analyst Ratings Changes

Several research firms recently commented on IBM. Bank of America boosted their target price on International Business Machines from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Morgan Stanley cut their price objective on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, June 3rd. KeyCorp cut shares of International Business Machines to a "sector weight" rating in a research note on Tuesday, June 23rd. Finally, Piper Sandler raised shares of International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Fifteen 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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