International Business Machines (NYSE:IBM) Shares Sold Off Rep. Josh Gottheimer

Key Points

• Rep. Josh Gottheimer sold between $1,001 and $15,000 of IBM shares in mid-July through a Morgan Stanley account, according to a congressional filing.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue of $17.16 billion fell short of consensus; the company also declared a quarterly dividend of $1.69 per share, yielding about 2.8% annually.
• Analysts maintain a “Moderate Buy” consensus with a $265.40 price target, while IBM’s $240 million AI infrastructure agreement with Together AI offers a key growth catalyst despite ongoing concerns about leverage and AI spending returns.

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on August 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in International Business Machines stock on July 16th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGN on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGM on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of NASDAQ: GOOGN on 7/23/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 7/23/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/20/2026.
• Purchased $1,001 - $15,000 in shares of NiCE NASDAQ: NICE on 7/20/2026.
• Purchased $1,001 - $15,000 in shares of Monster Beverage NASDAQ: MNST on 7/17/2026.
• Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 7/17/2026.
• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 7/16/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 7/15/2026.

International Business Machines Stock Performance

IBM opened at $238.62 on Wednesday. The company has a market cap of $224.81 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.32 and a beta of 0.70. The company's fifty day moving average price is $255.09 and its two-hundred day moving average price is $254.13. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

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, hitting the consensus estimate of $2.93. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.International Business Machines's revenue 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. On average, analysts expect that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines's dividend payout ratio is presently 59.98%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent analyst reports. KeyCorp downgraded International Business Machines to a "sector weight" rating in a research note on Tuesday, June 23rd. Argus cut their price target on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. DZ Bank upgraded shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 price target for the company in a research report on Friday, April 24th. Stifel Nicolaus decreased their price objective on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a report on Monday, July 20th. Finally, The Goldman Sachs Group set a $270.00 price objective on shares of International Business Machines in a research report on Thursday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

Key International Business Machines News

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

• Positive Sentiment: AI infrastructure deal provides the clearest near-term catalyst. IBM signed a multi-year agreement valued at approximately $240 million with Together AI to build a large-scale open-source AI inference cluster on IBM Cloud. The system will use NVIDIA HGX B300 platforms and Spectrum-X networking, with availability expected in the first quarter of 2027. The contract supports IBM’s effort to turn AI demand into cloud revenue and strengthens its position in the growing inference market. Reuters article
• Positive Sentiment: IBM is broadening its partner-led sales reach. TD SYNNEX plans to expand IBM distribution into 20 additional countries across Europe, Asia-Pacific, and Latin America. The move could improve access to IBM’s cloud, software, and infrastructure offerings, although the direct financial impact is not yet quantified. TD SYNNEX expands IBM distribution article
• Neutral Sentiment: IBM raised CAD 997.11 million through fixed-rate notes. The 4.750% notes mature in 2034, giving investors updated information about IBM’s funding costs and capital structure. The proceeds provide liquidity, but the additional debt and interest expense are a consideration given the company’s existing leverage. IBM funding and stock attention article
• Neutral Sentiment: Quantum computing remains a longer-term growth narrative. Commentary citing IBM’s CEO suggests the technology could begin making a measurable contribution to results in coming years, but it is not an immediate earnings driver. IBM quantum computing outlook article
• Negative Sentiment: Risk concerns remain. A law firm announced an investigation into a sharp prior decline in IBM shares, while separate commentary raised concerns about whether massive industrywide AI infrastructure spending can generate adequate returns. These developments may limit enthusiasm despite the new AI contract. IBM securities investigation article

Hedge Funds Weigh In On International Business Machines

Large investors have recently made changes to their positions in the stock. Family CFO Inc purchased a new stake in International Business Machines during the fourth quarter valued at about $25,000. Basepoint Wealth LLC purchased a new position in shares of International Business Machines in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in shares of International Business Machines during the 1st quarter valued at about $26,000. Harborfront Financial Group LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at about $27,000. Finally, Joseph Group Capital Management purchased a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. 58.96% of the stock is owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

International Business Machines Company 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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