International Business Machines Corporation $IBM Stake Boosted by Cardinal Capital Management

Posted by Stanley Muller on Oct 22nd, 2026

Cardinal Capital Management lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,340 shares of the technology company’s stock after buying an additional 2,646 shares during the period. International Business Machines comprises 1.2% of Cardinal Capital Management’s investment portfolio, making the stock its 24th biggest holding. Cardinal Capital Management’s holdings in International Business Machines were worth $10,411,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Cardinal Point Capital Management ULC boosted its position in shares of International Business Machines by 8.7% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 42,431 shares of the technology company’s stock worth $9,332,000 after purchasing an additional 3,398 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in shares of International Business Machines by 4.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 71,542 shares of the technology company’s stock valued at $16,912,000 after purchasing an additional 2,847 shares in the last quarter. Vest Financial LLC increased its holdings in shares of International Business Machines by 33.0% in the 3rd quarter. Vest Financial LLC now owns 474,969 shares of the technology company’s stock valued at $104,460,000 after purchasing an additional 117,873 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in shares of International Business Machines by 93.1% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 80,802 shares of the technology company’s stock valued at $17,771,000 after purchasing an additional 38,962 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its stake in shares of International Business Machines by 9.2% in the third quarter. Massachusetts Wealth Management now owns 5,733 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 485 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines News Roundup

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

Positive Sentiment: Q3 results exceeded expectations: IBM reported adjusted earnings of $2.95 per share versus consensus estimates near $2.85-$2.88, while revenue rose approximately 5% year over year to $17.1 billion, ahead of the roughly $16.8 billion forecast. IBM beats on top and bottom lines
Positive Sentiment: Software and infrastructure growth accelerated: Software revenue increased 8% to $7.8 billion and Infrastructure revenue rose 4% to $3.7 billion. Management said previously delayed infrastructure deals began closing, supporting the view that the prior-quarter slowdown was temporary. IBM raises annual software revenue outlook
Positive Sentiment: Cash-flow outlook improved: IBM generated $3.0 billion in free cash flow during the quarter and expects full-year free cash flow to increase by more than $1 billion from the prior year. The company maintained its 4%-5% full-year constant-currency revenue-growth forecast. IBM third-quarter results
Positive Sentiment: CEO Arvind Krishna highlighted momentum in enterprise AI and “Super Intelligence” initiatives, while IBM’s partnerships around open-source AI inference and its quantum-computing strategy add longer-term growth catalysts.
Neutral Sentiment: IBM’s GAAP net income rose to $2.19 billion from $1.74 billion a year earlier, and the board declared a quarterly dividend of $1.69 per share.
Negative Sentiment: Gross margin was narrower than expected, which could limit the benefit of revenue growth if elevated AI, infrastructure, or implementation costs persist.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. Morgan Stanley raised their price objective on shares of International Business Machines from $190.00 to $238.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Susquehanna restated a “neutral” rating on shares of International Business Machines in a research report on Wednesday. Sanford C. Bernstein dropped their target price on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating for the company in a report on Thursday, July 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, Craig Hallum initiated coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a “buy” rating for the company. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $255.76.

Get Our Latest Stock Analysis on IBM

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The shares were 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 owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

International Business Machines Trading Up 3.6%

Shares of IBM stock opened at $250.67 on Thursday. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The stock has a market cap of $236.16 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.32 and a beta of 0.73. The business has a fifty day simple moving average of $232.36 and a 200-day simple moving average of $243.60. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period in the previous year, the firm earned $2.65 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post 12.34 earnings per share for the current fiscal year.

International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.