American National Bank & Trust Trims Stock Holdings in International Business Machines Corporation $IBM

American National Bank & Trust reduced its stake in International Business Machines Corporation (NYSE:IBM) by 42.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,425 shares of the technology company’s stock after selling 4,702 shares during the quarter. American National Bank & Trust’s holdings in International Business Machines were worth $1,413,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBM. BlackRock Inc. acquired a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $21,586,659,000. Bank of America Corp DE acquired a new position in International Business Machines in the 2nd quarter valued at $4,214,868,000. Bank of New York Mellon Corp acquired a new position in International Business Machines during the second quarter valued at approximately $2,606,782,000. Legal & General Group Plc acquired a new stake in International Business Machines in the second quarter valued at about $1,874,733,000. Finally, Wellington Management Group LLP raised its holdings in 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 valued at $1,841,755,000 after buying an additional 6,283,395 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IBM shares. Jefferies Financial Group lowered their price objective on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Robert W. Baird started coverage on International Business Machines in a research note on Tuesday, July 21st. They set a “neutral” rating and a $230.00 price objective on the stock. HSBC dropped their price target on shares of International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Barclays lowered their target price on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, BMO Capital Markets reduced their target price on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday, July 23rd. Eighteen investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.52.

International Business Machines Stock Performance

NYSE IBM traded down $1.14 during trading hours on Wednesday, hitting $220.16. The company had a trading volume of 1,622,129 shares, compared to its average volume of 7,540,772. The business has a 50 day moving average of $232.26 and a 200-day moving average of $244.44. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a market cap of $207.41 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.73. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $17.46 billion. During the same period last year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a dividend of $1.69 per share. The ex-dividend date was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.1%. International Business Machines’s payout ratio is currently 59.98%.

Insiders Place Their Bets

In related news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Key International Business Machines News

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

• Positive Sentiment: IBM expanded its Bob AI offering to support customer-managed, self-hosted deployments. The feature could appeal to enterprises requiring greater data control and security, strengthening IBM’s hybrid-cloud and AI modernization strategy. IBM Brings AI to Customer-Managed Infrastructure
• Positive Sentiment: IBM and SAP launched IBM Ready for SAP Solutions, combining IBM consulting with SAP cloud ERP technology for midsize and fast-growing businesses. The offering is designed to modernize operations, unify data, and create an AI-ready foundation; reported customer benefits include a 50% reduction in operational cycle times. IBM Teams Up with SAP
• Positive Sentiment: IBM and Red Hat said their Lightwell initiative has remediated more than 400 previously unknown open-source vulnerabilities since June, supporting IBM’s credibility in enterprise security and open-source infrastructure. IBM and Red Hat Remediate Open Source Vulnerabilities
• Neutral Sentiment: IBM will report third-quarter 2026 results on October 21. The announcement gives investors a near-term catalyst, with revenue growth, AI bookings, free cash flow, and guidance likely to determine the next significant move. IBM to Announce Third-Quarter 2026 Financial Results
• Negative Sentiment: One earnings preview recommends avoiding new purchases before results, citing uncertainty around IBM’s growth outlook and the risk that hybrid-cloud expansion faces intense competition and pricing pressure. This caution may be contributing to weakness ahead of the report. IBM Earnings Preview

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.