PCM Encore LLC Acquires New Holdings in International Business Machines Corporation $IBM

Posted by Brian Himes on Sep 6th, 2026

PCM Encore LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,310 shares of the technology company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines during the first quarter worth about $26,000. Harborfront Financial Group LLC bought a new position in shares of International Business Machines during the second quarter worth about $27,000. Cornerstone Financial Management LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $234.87 on Friday. 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 company’s fifty day simple moving average is $241.67 and its 200 day simple moving average is $247.13. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a market cap of $221.28 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.24 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. On average, research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

Analysts Set New Price Targets

Several research analysts recently commented on IBM shares. Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Jefferies Financial Group lowered their price target on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Morgan Stanley decreased their price objective on International Business Machines from $293.00 to $190.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $265.90.

Check Out Our Latest Stock Report on International Business Machines

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

International Business Machines Profile

(Free Report)

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.