TD Waterhouse Canada Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,314 shares of the technology company’s stock after purchasing an additional 13,169 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in International Business Machines were worth $37,609,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after purchasing an additional 211,040 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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 lifted its position in shares of 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 during the fourth quarter worth $3,317,000. Finally, Sage Investment Advisers LLC purchased a new position in International Business Machines in the fourth quarter valued at $4,101,000. Institutional investors and hedge funds own 58.96% of the company’s stock.
Key International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM announced a next-generation dual-architecture processor for future IBM Z and LinuxONE systems. The chip is designed to support both IBM and Arm platforms, potentially broadening software compatibility, expanding enterprise customer choice and strengthening IBM’s mainframe franchise. IBM Unveils Next Generation Dual-Architecture Processor for IBM Z and LinuxONE
- Positive Sentiment: The processor uses advanced technology, including Arm integration and a reported 2-nanometer design with performance reaching 5.7 GHz. Investors may view the development as evidence of continued innovation and a potential long-term growth catalyst. IBM Unveils Next Generation Dual-Architecture Processor for IBM Z and LinuxONE
- Positive Sentiment: IBM and the USTA introduced AI-powered features for the 2026 US Open, including personalized live updates, serve analysis, match insights and conversational tools. The initiative showcases IBM’s watsonx and AI capabilities to a large global audience and may support commercial AI credibility. IBM and the USTA Introduce New AI-Powered Fan Experiences for 2026 US Open
- Positive Sentiment: A report highlighted a new IBM quantum-computing milestone, reinforcing the company’s longer-term technology narrative, although the immediate revenue impact remains uncertain. IBM Just Hit a New Quantum Computing Milestone
International Business Machines Trading Down 2.0%
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.80 earnings per share. On average, research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.
International Business Machines Dividend Announcement
The firm also recently declared 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. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. International Business Machines’s dividend payout ratio is currently 59.98%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on IBM shares. KeyCorp downgraded International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. HSBC set a $175.00 target price on International Business Machines and gave the stock a “reduce” rating in a research report on Thursday, July 16th. Jefferies Financial Group lowered their price target on International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Argus cut their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $265.40.
Get Our Latest Stock Analysis on International Business Machines
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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