Exchange Bank Buys 3,900 Shares of International Business Machines Corporation $IBM

Exchange Bank boosted its stake in International Business Machines Corporation (NYSE:IBM) by 49.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,726 shares of the technology company’s stock after purchasing an additional 3,900 shares during the period. International Business Machines makes up approximately 2.3% of Exchange Bank’s holdings, making the stock its 12th largest position. Exchange Bank’s holdings in International Business Machines were worth $3,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LBP AM SA grew its holdings in shares of International Business Machines by 24.8% in the third quarter. LBP AM SA now owns 136,659 shares of the technology company’s stock worth $38,560,000 after acquiring an additional 27,175 shares during the period. Richardson Capital Management LLC boosted its position in International Business Machines by 35.0% in the third quarter. Richardson Capital Management LLC now owns 952 shares of the technology company’s stock worth $269,000 after purchasing an additional 247 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of International Business Machines by 3.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 88,856 shares of the technology company’s stock valued at $25,072,000 after purchasing an additional 3,227 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of International Business Machines by 6.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 543,742 shares of the technology company’s stock valued at $153,422,000 after purchasing an additional 32,431 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of International Business Machines by 19.0% in the 3rd quarter. Retirement Systems of Alabama now owns 702,053 shares of the technology company’s stock worth $198,091,000 after purchasing an additional 111,922 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.8%

Shares of IBM stock opened at $292.43 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a fifty day simple moving average of $302.13 and a two-hundred day simple moving average of $282.58. The firm has a market capitalization of $273.35 billion, a PE ratio of 34.98, a PEG ratio of 2.83 and a beta of 0.70. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Oppenheimer began coverage on shares of International Business Machines in a research report on Friday, November 21st. They set an “outperform” rating and a $360.00 target price for the company. Dbs Bank raised shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. Morgan Stanley decreased their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. UBS Group reissued a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Finally, BMO Capital Markets upped their price target on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus price target of $306.86.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: JPMorgan and other analysts are bullish — a JPMorgan analyst said IBM’s stock is likely to rise, and other outlets report the stock trading higher following an analyst upgrade, providing near‑term buying interest ahead of earnings. International Business Machines (NYSE:IBM) Stock Price Expected to Rise Trading 2.1% Higher After Analyst Upgrade
• Positive Sentiment: Evercore ISI raised its price target to $330 and added IBM to a tactical outperform list — a clear signal that some brokers see upside from current levels. Evercore ISI raises IBM price target to $330
• Positive Sentiment: Jefferies reiterates a Buy and sees potential reacceleration in software growth heading into the print — this supports expectations for upward estimate revisions in 2026. IBM software growth seen reaccelerating ahead of earnings: Jefferies
• Positive Sentiment: Research and product catalysts: IBM’s new machine‑learning model for chip design (with Ansys and DARPA) is being touted as meaningful for next‑gen chips — a longer‑term tech differentiator tied to its AI strategy. Why IBM’s New Machine‑Learning Model Is a Big Deal
• Positive Sentiment: Multiple earnings previews (Seeking Alpha, Zacks, The Motley Fool) highlight stronger Q4 prospects driven by consulting (AI uptake, Microsoft partnership), software/watsonx tailwinds and the Confluent deal — these previews raise the odds of an upside surprise. IBM Q4 Earnings Preview Unlocking Q4 Potential of IBM
• Neutral Sentiment: Reminder: IBM’s earnings date is Jan. 28 — expectations are elevated, so the report could amplify volatility. Mark Your Calendars for January 28
• Neutral Sentiment: Analyst commentary and roundup pieces (CNBC/Benzinga, Yahoo) largely expect a solid quarter but differ on valuation timing — useful for positioning but not immediate catalysts. CNBC Final Trades
• Negative Sentiment: Short‑term price weakness: coverage notes and market pieces report the stock has slid recently despite higher targets — signaling profit‑taking and that upgrades aren’t fully translating into immediate gains. IBM Stock Slides Even as Analysts Raise Targets

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.