Edgestream Partners L.P. Sells 14,485 Shares of International Business Machines Corporation $IBM

Edgestream Partners L.P. cut its holdings in International Business Machines Corporation (NYSE:IBM) by 89.4% during the first quarter, Holdings Channel reports. The firm owned 1,718 shares of the technology company’s stock after selling 14,485 shares during the quarter. Edgestream Partners L.P.’s holdings in International Business Machines were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Family CFO Inc purchased a new position in shares of International Business Machines in the fourth quarter worth $25,000. Basepoint Wealth LLC bought a new stake in International Business Machines in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new stake in International Business Machines in the 1st quarter worth $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBM. Citigroup dropped their price target on 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. Wedbush set a $350.00 target price on International Business Machines in a research report on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Oppenheimer cut shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Fifteen 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. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $265.40.

International Business Machines Price Performance

IBM opened at $235.92 on Thursday. The business has a fifty day moving average of $260.43 and a 200 day moving average of $255.93. The stock has a market cap of $222.27 billion, a P/E ratio of 20.93, a PEG ratio of 2.31 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM) last released 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. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the firm posted $2.80 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $1.69 dividend. The ex-dividend date 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 is presently 59.98%.

Key International Business Machines News

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

• Positive Sentiment: FedRAMP authorization expands IBM’s government opportunity. IBM Maximo Application Suite as a Service for Government received FedRAMP Moderate authorization, enabling federal agencies to use the platform for secure asset, infrastructure and facilities management. The approval could support additional public-sector SaaS adoption and recurring revenue. IBM Maximo Application Suite Achieves FedRAMP Moderate Authorization
• Positive Sentiment: IBM’s sovereign AI strategy in India offers a growth catalyst. A partnership with Sarvam is targeting India’s public sector, while demand for hybrid cloud and AI services could support estimates and help offset slower legacy operations. Can IBM’s Sovereign AI Solutions for India Propel the Stock Higher?
• Positive Sentiment: Valuation and insider activity provide some support. One analysis argues IBM remains inexpensive on fair-value measures, with long-term upside tied to AI services and quantum computing. Recent reported insider purchases and a median analyst price target well above the current trading level may reinforce the bullish case, although institutional activity remains mixed. IBM Stock Still Looks Cheap On Fair Value Despite Weak Checks
• Neutral Sentiment: Quantum computing is a long-term opportunity but creates near-term uncertainty. CEO Arvind Krishna said quantum computing could make a meaningful contribution to revenue and profit by 2028 or 2029. The comments support IBM’s technology narrative, but the timeline leaves limited immediate earnings impact and has also heightened concerns about quantum risks to cryptocurrencies. IBM CEO Predicts Quantum Computing Will Become a Meaningful Business
• Negative Sentiment: Kyndryl’s results highlighted continuing IBM-related revenue declines. IBM’s former infrastructure-services business reported growth in the United States and consulting, but cited persistent IBM-related revenue headwinds. This suggests separation-related and legacy infrastructure weakness may continue to pressure IBM’s growth profile. Kyndryl Q1 2027 Earnings Call Highlights
• Negative Sentiment: Securities-law investigations add headline and litigation risk. Bleichmar Fonti & Auld and Pomerantz announced investigations concerning alleged misrepresentations about an IBM Z product slowdown. These announcements do not establish wrongdoing, but they may weigh on sentiment and increase uncertainty around IBM’s disclosures and legacy mainframe demand. IBM Legal News: Securities Fraud Investigation

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.