International Business Machines (NYSE:IBM) Stock Price Down 2.4% – Here’s What Happened

Shares of International Business Machines Corporation (NYSE:IBM) fell 2.4% on Thursday. The company traded as low as $226.01 and last traded at $227.0690. Approximately 4,069,369 shares traded hands during trading, a decline of 47% from the average daily volume of 7,657,924 shares. The stock had previously closed at $232.76.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM expanded its partnership with Marist University through an AI Innovation Incubator. The initiative will provide access to IBM mainframe technology, quantum-computing resources and enterprise expertise, potentially strengthening IBM’s position in AI education, research and future talent development. Can IBM’s New Innovation Initiative With Marist University Advance AI?
• Positive Sentiment: The company introduced Swift blockchain connectivity for its Digital Asset Haven platform and an on-premises deployment option. These capabilities could appeal to banks, governments and other regulated customers that require security, control and support for tokenized deposits and digital assets. IBM Expands Its Digital Banking Infrastructure with Swift Integration and Digital Asset Haven On-Premises
• Positive Sentiment: IBM’s broader AI and quantum strategy remains a potential growth driver. Its z17 mainframe is being used in Marist’s agentic-AI laboratory, while IBM’s collaborations with NASA, Lockheed Martin and ETH Zurich expand its presence in scientific AI and quantum-computing research. International Business Machines Builds Its AI And Quantum Case As Valuation Questions Grow
• Neutral Sentiment: Industry forecasts call for substantial expansion in the global digital-transformation market, supporting IBM’s exposure to cloud, automation, analytics and AI services. However, the forecast describes an industry opportunity rather than new IBM-specific revenue or guidance. Global Digital Transformation Market to Reach US$7.3 Trillion by 2034
• Negative Sentiment: Investors remain concerned about IBM’s recent results and valuation. Reports cite a significant selloff after management previewed weak second-quarter 2026 results, with a shareholder-rights law firm investigating possible securities-law violations. The investigation does not establish wrongdoing, but it adds headline and legal risk. IBM $68 Billion Wipeout Amid Z Shortfall Triggers Investigation
• Negative Sentiment: The Swift and Digital Asset Haven announcement has not yet demonstrated a material financial payoff, leading some investors to treat it as a longer-term strategic development rather than an immediate earnings catalyst. Ongoing questions about IBM’s growth rate and valuation are therefore limiting the market response. IBM Stock Declines Following Swift Blockchain Integration Announcement

Analysts Set New Price Targets

A number of brokerages have recently commented on IBM. JPMorgan Chase & Co. cut their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Wall Street Zen lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group set a $270.00 price target on shares of International Business Machines in a research report on Thursday, July 23rd. Finally, Susquehanna raised their price target on shares of International Business Machines from $225.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.16.

International Business Machines Stock Down 2.4%

The stock’s 50-day moving average price is $230.68 and its 200-day moving average price is $246.23. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market cap of $213.93 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.21 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm posted $2.80 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Assetmark Inc. lifted its holdings in International Business Machines by 24.8% during the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock worth $15,624,000 after acquiring an additional 12,791 shares during the period. Rice Partnership LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $3,317,000. Flputnam Investment Management Co. purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $15,237,000. Sage Investment Advisers LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $4,101,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of International Business Machines in the 4th quarter worth about $10,039,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.