Cambria Investment Management L.P. Buys 3,632 Shares of International Business Machines Corporation $IBM

Cambria Investment Management L.P. boosted its stake in International Business Machines Corporation (NYSE:IBM) by 459.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,422 shares of the technology company’s stock after purchasing an additional 3,632 shares during the quarter. Cambria Investment Management L.P.’s holdings in International Business Machines were worth $1,248,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. CFS Investment Advisory Services LLC boosted its position in shares of International Business Machines by 0.4% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after acquiring an additional 34 shares in the last quarter. KPP Advisory Services LLC lifted its stake in International Business Machines by 1.7% during the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after purchasing an additional 34 shares during the last quarter. Marco Investment Management LLC boosted its holdings in shares of International Business Machines by 0.3% in the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 34 shares in the last quarter. MA Private Wealth increased its stake in shares of International Business Machines by 1.5% in the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after purchasing an additional 34 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of International Business Machines by 0.8% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 4,300 shares of the technology company’s stock valued at $1,213,000 after purchasing an additional 35 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The shares were purchased at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This represents a 12.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Miebach acquired 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were bought at an average price of $233.33 per share, with a total value of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 1,484 shares of company stock worth $417,157 over the last ninety days. Company insiders own 0.18% of the company’s stock.

International Business Machines Stock Up 1.8%

NYSE:IBM opened at $249.71 on Thursday. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92. The company has a market cap of $234.24 billion, a PE ratio of 22.40, a P/E/G ratio of 2.46 and a beta of 0.73. The firm’s 50 day simple moving average is $283.62 and its 200 day simple moving average is $284.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. The firm had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.92 EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 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 Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines’s payout ratio is presently 60.27%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM won a multi-year $112 million contract with the U.S. Defense Commissary Agency to modernize pricing displays and simultaneously announced a Deepgram voice-AI integration for Watsonx, strengthening government revenue visibility and enterprise AI product capabilities. IBM Contract And Voice AI Deal Shape Government And Automation Story
• Positive Sentiment: Coverage highlights that IBM’s combination of government contracts and AI partnerships is expanding its addressable market in public-sector modernization and enterprise automation, a near-term revenue-growth narrative investors favor. IBM Expands AI And Government Ties As Shares Trade Below Targets
• Positive Sentiment: Analyst/press pieces argue the stock’s pullback looks overdone and that fundamentals (recent EPS beat, revenue growth) support watching or accumulating shares — a narrative that can attract buyers after volatility. Why I’m Watching IBM Stock Heading Into March
• Positive Sentiment: Market commentary noting IBM outperforming indices today reinforces the momentum narrative and may prompt short-term inflows from momentum/quant strategies. IBM (IBM) Laps the Stock Market: Here’s Why
• Neutral Sentiment: Industry research lists IBM among 120+ firms in the growing Business Process Automation market — a structural tailwind but not a firm-specific catalyst by itself. Business Process Automation Strategic Market Report 2026-2030
• Neutral Sentiment: A retail press item about Railtown AI’s advisory appointments is unrelated to IBM fundamentals and unlikely to move IBM shares. Railtown AI Strengthens Advisory Board and Executive Team
• Neutral Sentiment: Broader tech/quantum coverage favors specialists like IonQ, underscoring competition for investor attention within advanced-tech themes rather than changing IBM’s near-term earnings outlook. If I Could Own Only 1 Quantum Computing Stock for 2026, It Would Be This
• Negative Sentiment: Commentary and analysis point to heightened volatility after a sharp intraday drop (13% in one day), raising concerns about market sensitivity to AI-development news and macro pressure — a risk to short-term sentiment. If IBM Can Drop 13% In A Day, What Does This Say About These Market Conditions?
• Negative Sentiment: European coverage warns that AI innovation cycles have unsettled investor confidence in IBM, which could keep downside pressure if execution or growth signals disappoint. IBM Shares Face Pressure as AI Innovation Rattles Investor Confidence

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research note on Wednesday, February 25th. Bank of America raised their price target on shares of International Business Machines from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Monday, February 23rd. Dbs Bank raised shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Finally, Evercore raised their target price on shares of International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $320.87.

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.