TD Waterhouse Canada Inc. Buys 13,169 Shares of International Business Machines Corporation $IBM

Key Points

• TD Waterhouse Canada increased its IBM stake by 11.1% in the second quarter, acquiring 13,169 shares and ending with 131,314 shares valued at approximately $37.6 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s strategic initiatives include an open-source lunar AI model developed with NASA and a Swiss quantum-computing hub with Lockheed Martin. These efforts strengthen IBM’s AI and quantum-computing profile, but their financial benefits may take years to materialize.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue of $17.16 billion missed forecasts. Analysts maintain a consensus “Moderate Buy” rating with a $265.90 target, though the company faces recent underperformance and legal-headline risk.

TD Waterhouse Canada Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 11.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,314 shares of the technology company's stock after acquiring an additional 13,169 shares during the period. TD Waterhouse Canada Inc.'s holdings in International Business Machines were worth $37,609,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock worth $571,000 after buying an additional 186 shares in the last quarter. Jump Financial LLC bought a new position in International Business Machines during the second quarter valued at approximately $211,000. Ieq Capital LLC grew its holdings in International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock valued at $11,383,000 after buying an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its holdings in International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock valued at $300,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Key Headlines Impacting International Business Machines

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 Analysts Forecast Growth

Several analysts have recently issued reports on IBM shares. HSBC set a $175.00 price objective on International Business Machines and gave the stock a "reduce" rating in a report on Thursday, July 16th. Craig Hallum began coverage on shares of International Business Machines in a report on Wednesday, August 19th. They issued a "buy" rating for the company. Jefferies Financial Group reduced their price target on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Citigroup dropped their price objective on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $265.90.

International Business Machines Trading Down 0.1%

IBM stock opened at $243.14 on Monday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock has a market capitalization of $229.07 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The firm's fifty day simple moving average is $236.88 and its two-hundred day simple moving average is $246.52.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (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 during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the business earned $2.80 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

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

Insider Activity

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by company insiders.

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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