The Manufacturers Life Insurance Company Takes $176.34 Million Position in International Business Machines Corporation $IBM

Key Points

• The Manufacturers Life Insurance Company acquired 627,060 IBM shares worth approximately $176.3 million in the second quarter, while institutional investors collectively own 58.96% of the company.
• IBM’s potential in quantum computing received positive attention after advancing to the 2026 ACM Gordon Bell Prize finals, though analysts also cited risks from slowing IBM Z activity and possible investor rotation into AI IPOs.
• IBM reported quarterly EPS of $2.93, matching estimates, but revenue of $17.16 billion fell short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.90, compared with shares opening at $232.02.

The Manufacturers Life Insurance Company acquired a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 627,060 shares of the technology company's stock, valued at approximately $176,336,000. The Manufacturers Life Insurance Company owned approximately 0.07% of International Business Machines at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IBM. BlackRock Inc. bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $21,586,659,000. Bank of New York Mellon Corp purchased a new stake in shares of International Business Machines in the 2nd quarter worth approximately $2,606,782,000. Norges Bank bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $2,446,429,000. Capital World Investors boosted its stake in shares of International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in International Business Machines during the second quarter valued at approximately $960,839,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: IBM, Cleveland Clinic and Japan’s RIKEN advanced to the finals for the 2026 ACM Gordon Bell Prize after using quantum and classical computing to model a 12,635-atom protein. The achievement highlights IBM’s potential in quantum-centric supercomputing and life-sciences research. Cleveland Clinic, RIKEN and IBM Team Advance to Finals for 2026 ACM Gordon Bell Prize
• Positive Sentiment: An Evercore ISI analyst argued that IBM’s quantum-computing initiatives are effectively being valued at little or nothing in the current stock price, suggesting potential upside if the technology advances commercially. Is IBM’s selloff an opportunity? Here’s one case for the beaten-down stock.
• Neutral Sentiment: IBM shares were reported slightly higher ahead of the latest session, but the update offered no new fundamental catalyst. A separate comparison of IBM and Applied Digital focused on financial metrics rather than a specific IBM business development. IBM stock heads into the open after a 0.08 percent gain
• Negative Sentiment: The main pressure remains concern over a slowdown in IBM Z product activity. The resulting selloff prompted a securities-law investigation announcement, reinforcing investor worries about demand and execution in IBM’s core infrastructure business. IBM Shares Fall Following IBM Z Product Slowdown
• Negative Sentiment: Evercore warned that capital moving into anticipated AI initial public offerings could lead investors to sell existing holdings, placing IBM among stocks vulnerable to portfolio rotation. Evercore Warns AI IPOs Could Pressure IBM

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on 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. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $232.02 on Wednesday. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The company has a market cap of $218.59 billion, a PE ratio of 20.59, a P/E/G ratio of 2.24 and a beta of 0.71. 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 business has a 50-day simple moving average of $239.81 and a two-hundred day simple moving average of $246.65.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.80 earnings per share. As a group, equities analysts expect that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on IBM shares. The Goldman Sachs Group set a $270.00 target price on International Business Machines in a report on Thursday, July 23rd. Susquehanna upped their price objective on International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a research note on Monday, August 31st. Argus cut their target price on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Jefferies Financial Group decreased 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 research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of International Business Machines in a research report on Tuesday, July 21st. Sixteen equities research 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.com, International Business Machines presently has an average rating of "Moderate Buy" and an average price target of $265.90.

International Business Machines 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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