International Business Machines Corporation $IBM Stock: D.A. Davidson & CO. Lowers Stake

D.A. Davidson & CO. trimmed its position in International Business Machines Corporation (NYSE:IBM) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,560 shares of the technology company’s stock after selling 12,542 shares during the quarter. D.A. Davidson & CO.’s holdings in International Business Machines were worth $37,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in International Business Machines in the second quarter worth $21,586,659,000. Bank of America Corp DE acquired a new stake in shares of International Business Machines during the second quarter worth $4,214,868,000. Bank of New York Mellon Corp acquired a new stake in shares of International Business Machines during the second quarter worth $2,606,782,000. Legal & General Group Plc acquired a new stake in shares of International Business Machines during the second quarter worth $1,874,733,000. Finally, Wellington Management Group LLP lifted its position in shares of International Business Machines by 2,362.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock worth $1,841,755,000 after buying an additional 6,283,395 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Key International Business Machines News

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

• Positive Sentiment: Quantum-computing milestone: IBM reported a breakthrough in which researchers connected quantum processors while achieving 99% accuracy. The development strengthens IBM’s long-term technology narrative, although the commercial impact is likely to take time. IBM Achieves 99% Accuracy in Major Quantum Computing Breakthrough
• Positive Sentiment: AI-agent controls support enterprise strategy: IBM introduced tools for agent discovery, verified identities, access controls and performance monitoring. These capabilities could help enterprises deploy AI agents more securely and expand demand for IBM’s software, cloud and consulting offerings. IBM Introduces Identity and Control for AI Agents
• Positive Sentiment: Five-year U.S. Open renewal: IBM will remain the official AI and cloud partner of the U.S. Open through 2031. Record engagement of more than 270 million interactions across tournament digital platforms provides evidence of customer adoption and brand visibility, though the direct financial contribution is not disclosed. USTA and IBM Announce Five-Year Renewal
• Positive Sentiment: Cash-flow outlook: Commentary highlighting IBM’s expectation for free cash flow to increase by more than $1 billion in 2026 supports the investment case for dividends, debt reduction and shareholder returns. A $1 Billion Reason to Consider Buying the IBM Stock Dip
• Neutral Sentiment: Mixed comparative outlook: Analysts comparing IBM with Qualcomm see both companies expanding in AI, but differing growth rates, competitive pressures and valuations make the relative upside uncertain. IBM’s appeal is centered on enterprise relationships and recurring software and cloud revenue rather than rapid growth. IBM vs. Qualcomm: Which AI Tech Giant Has More Upside Now?
• Neutral Sentiment: Analyst stance remains cautious: Susquehanna maintained a Hold rating, suggesting the recent AI and quantum announcements have not yet changed the broader risk-reward assessment.
• Negative Sentiment: Technical weakness: A report that IBM shares fell below their 200-day moving average signals deteriorating momentum and may encourage short-term selling, even as longer-term investors focus on cash flow and AI growth. IBM Shares Break Below Two Hundred Day Moving Average

International Business Machines Trading Up 1.2%

NYSE:IBM opened at $253.18 on Thursday. The stock has a market cap of $239.29 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.50 and a beta of 0.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The business has a fifty day moving average of $234.26 and a 200-day moving average of $250.43.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 earnings per share. Equities analysts predict that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Analysts Set New Price Targets

Several research firms have recently commented on IBM. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $230.00 to $265.00 and gave the company a “market perform” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $250.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Susquehanna raised their target price on shares of International Business Machines from $235.00 to $256.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Finally, UBS Group lifted their target price on International Business Machines from $236.00 to $243.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $266.12.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.