V. M. Manning & CO. Inc. Acquires New Holdings in International Business Machines Corporation $IBM

Key Points

• V. M. Manning & CO. Inc. acquired 2,598 IBM shares worth approximately $731,000 during the second quarter, making IBM about 0.6% of its portfolio. Institutional investors collectively own 58.96% of the company.
• Analyst sentiment remains broadly positive but mixed: IBM has a “Moderate Buy” consensus rating from MarketBeat, with 15 Buy, 11 Hold, and 1 Sell rating, and a consensus price target of $265.40. Several firms recently reduced their targets, while Citigroup maintained a Buy rating.
• IBM matched quarterly earnings expectations at $2.93 per share, while revenue of $17.16 billion fell short of forecasts; revenue nevertheless increased 1.1% year over year. The company also declared a $1.69 quarterly dividend, equivalent to a 2.9% yield.

V. M. Manning & CO. Inc. bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,598 shares of the technology company's stock, valued at approximately $731,000. International Business Machines makes up approximately 0.6% of V. M. Manning & CO. Inc.'s investment portfolio, making the stock its 28th biggest holding.

Other large investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company's stock worth $77,234,000 after acquiring an additional 211,040 shares in the last quarter. Assetmark Inc. increased its holdings in International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after purchasing an additional 12,791 shares during the last quarter. GLOBALT Investments LLC GA increased its holdings in International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company's stock worth $5,417,000 after purchasing an additional 2,930 shares during the last quarter. Rice Partnership LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at approximately $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at approximately $4,101,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. KeyCorp cut shares of International Business Machines to a "sector weight" rating in a report on Tuesday, June 23rd. Morgan Stanley decreased their price objective on shares of 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. Wall Street Zen downgraded shares of International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Finally, Citigroup cut their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $265.40.

International Business Machines Price Performance

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

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend payout ratio is presently 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.

International Business Machines Profile

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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