6,969 International Business Machines Corporation $IBM Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its position in International Business Machines Corporation (NYSE:IBM) by 13.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 57,729 shares of the technology company’s stock after purchasing an additional 6,969 shares during the quarter. Maryland State Retirement & Pension System’s holdings in International Business Machines were worth $12,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Harborfront Financial Group LLC bought a new stake in shares of International Business Machines in the 2nd quarter valued at $27,000. Hara Capital LLC acquired a new stake in International Business Machines during the 2nd quarter worth $28,000. Bare Financial Services Inc lifted its holdings in International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after acquiring an additional 55 shares in the last quarter. Caitlin John LLC bought a new position in International Business Machines during the second quarter worth about $35,000. Finally, Axiom Investment Management LLC bought a new position in International Business Machines during the first quarter worth about $36,000. 58.96% of the stock is owned by institutional investors.

Key Headlines Impacting International Business Machines

Here are a few of the latest headlines about IBM:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum announcement
• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index

Insider Activity at International Business Machines

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Oppenheimer cut International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. UBS Group raised their price target on International Business Machines from $236.00 to $243.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Stifel Nicolaus boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, Evercore reissued an “outperform” rating on shares of International Business Machines in a research note on Friday, November 6th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.88.

International Business Machines Trading Up 1.5%

Shares of NYSE:IBM opened at $248.27 on Thursday. The firm has a market cap of $234.64 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.41 and a beta of 0.78. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company’s fifty day simple moving average is $237.53 and its 200 day simple moving average is $247.92. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 EPS. As a group, research analysts forecast that International Business Machines Corporation will post 12.42 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s payout ratio is 57.63%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.