International Business Machines (NYSE:IBM) Stock Price Down 1.9% – Here’s What Happened

International Business Machines Corporation (NYSE:IBM) shares traded down 1.9% on Wednesday . The company traded as low as $296.35 and last traded at $296.8350. Approximately 2,800,770 shares changed hands during trading, a decline of 29% from the average session volume of 3,949,838 shares. The stock had previously closed at $302.47.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: Jefferies upgraded IBM to a Buy, citing software acceleration from Red Hat momentum, hybrid-cloud M&A benefits and an AI upside that supports revenue and margin expansion. IBM Earns Buy Rating as Analysts See Software Acceleration Ahead in 2026
• Positive Sentiment: Partner Dfns integrated Concordium’s identity layer to offer identity-verified Web3 wallets on its WaaS platform — a compliance-focused product that could open institutional Web3 wallet demand for IBM partners and clients. IBM’s crypto partner Dfns integrates Concordium for Web3 compliance
• Positive Sentiment: IBM renewed a multi-year technology partnership with The All England Lawn Tennis Club (Wimbledon) as its official AI, cloud and digital transformation partner — a high-visibility win that highlights IBM’s event/digital transformation capabilities and marketing reach. IBM Announces Long-Term Renewal as the Official AI, Cloud and Digital Transformation Partner for The All England Lawn Tennis Club
• Positive Sentiment: IBM’s consulting group published an IBM–NRF study on how AI shapes consumer decisions pre-shopping — reinforces demand for IBM Consulting services and AI-driven retail engagements. IBM-NRF Study: Brands and Retailers Navigate a New Reality as AI Shapes Consumer Decisions Before Shopping Begins
• Positive Sentiment: IBM remains cited among top quantum-computing plays and received favorable coverage on its 2025 AI/quantum progress — supports the long-term growth narrative for investors focused on frontier tech exposure. 3 Top Quantum Computing Stocks to Buy in 2026
• Neutral Sentiment: Analysts expect IBM’s upcoming fiscal Q4 results to show low double-digit EPS growth — positive trajectory but likely already reflected in the stock, making earnings execution and guidance the next catalysts. Here’s What to Expect From International Business Machines’ Next Earnings Report
• Neutral Sentiment: Coverage pieces (Zacks, MarketBeat recaps) show elevated investor attention and summarize recent momentum — useful for sentiment tracking but not new fundamental data. International Business Machines Corporation (IBM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Several articles note valuation and momentum have cooled after strong 2025 gains; with the stock extended vs. longer-term averages, traders may be reducing exposure ahead of earnings, pressuring the share price. A Look At IBM (IBM) Valuation After Recent Share Price Momentum Cools

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBM shares. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. BMO Capital Markets increased their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Oppenheimer began coverage on shares of International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective on the stock. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $301.85.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The business’s 50 day moving average price is $303.98 and its 200 day moving average price is $281.69. The stock has a market capitalization of $277.46 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 2.73 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is currently 80.38%.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 0.8% in the third quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company’s stock worth $27,024,243,000 after buying an additional 724,832 shares in the last quarter. State Street Corp increased its holdings in International Business Machines by 0.3% in the 2nd quarter. State Street Corp now owns 54,536,963 shares of the technology company’s stock valued at $16,076,406,000 after acquiring an additional 147,721 shares during the last quarter. Geode Capital Management LLC lifted its stake in International Business Machines by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company’s stock worth $6,444,527,000 after purchasing an additional 400,131 shares in the last quarter. Capital World Investors boosted its holdings in shares of International Business Machines by 13.9% during the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock valued at $4,809,461,000 after purchasing an additional 2,077,506 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of International Business Machines by 6.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock valued at $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Company 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.