Triumph Capital Management Grows Stock Position in International Business Machines Corporation $IBM

Key Points

• Triumph Capital Management increased its IBM position by 245.2% in the second quarter, ending with 5,444 shares valued at approximately $1.53 million. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue of $17.16 billion fell short of the $17.46 billion consensus but rose 1.1% year over year.
• IBM pays a quarterly dividend of $1.69, equivalent to a 2.8% annualized yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $265.90.

Triumph Capital Management lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 245.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,444 shares of the technology company's stock after purchasing an additional 3,867 shares during the period. Triumph Capital Management's holdings in International Business Machines were worth $1,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in International Business Machines during the second quarter valued at approximately $21,586,659,000. Bank of America Corp DE purchased a new position in shares of International Business Machines during the 2nd quarter worth $4,214,868,000. Bank of New York Mellon Corp purchased a new position in shares of International Business Machines during the 2nd quarter worth $2,606,782,000. Norges Bank bought a new stake in shares of International Business Machines during the 4th quarter valued at $2,446,429,000. Finally, Legal & General Group Plc bought a new stake in shares of International Business Machines during the 2nd quarter valued at $1,874,733,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $243.14 on Friday. The firm has a market cap of $229.07 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.32 and a beta of 0.71. The firm has a fifty day moving average price of $236.88 and a 200 day moving average price of $246.36. 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 debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a $1.69 dividend. 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 payout ratio is 59.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBM. Susquehanna raised their target price on International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. KeyCorp cut International Business Machines to a "sector weight" rating in a research report on Tuesday, June 23rd. Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus lowered their price objective on International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.90.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Trending Headlines about 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

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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