SteelPeak Wealth LLC Sells 5,334 Shares of International Business Machines Corporation $IBM

SteelPeak Wealth LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 15.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,833 shares of the technology company’s stock after selling 5,334 shares during the quarter. SteelPeak Wealth LLC’s holdings in International Business Machines were worth $8,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of International Business Machines by 424.6% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock worth $77,234,000 after purchasing an additional 211,040 shares in the last quarter. Assetmark Inc. lifted its stake in International Business Machines by 24.8% during the first 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 boosted its holdings in International Business Machines by 19.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock valued at $5,417,000 after purchasing an additional 2,930 shares in the last quarter. Rice Partnership LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $3,317,000. Finally, Sage Investment Advisers LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at $4,101,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research report on Thursday, July 16th. Bank of America raised their price target on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Robert W. Baird initiated coverage on International Business Machines in a research report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 price objective for the company. Finally, Wolfe Research lowered shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Fifteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.40.

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 Stock Performance

IBM stock opened at $235.96 on Thursday. The stock’s 50 day simple moving average is $253.69 and its 200 day simple moving average is $253.72. 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 Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The firm has a market cap of $222.30 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.34 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts predict that International Business Machines Corporation will post 12.33 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 dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines’s payout ratio is currently 59.98%.

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.