Sound Income Strategies LLC Acquires 4,493 Shares of International Business Machines Corporation $IBM

Posted by Stanley Muller on Oct 9th, 2026

Sound Income Strategies LLC grew its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 6.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 69,881 shares of the technology company’s stock after acquiring an additional 4,493 shares during the quarter. Sound Income Strategies LLC’s holdings in International Business Machines were worth $15,836,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Decker Wealth Management LLC grew its holdings in shares of International Business Machines by 2.0% during the third quarter. Decker Wealth Management LLC now owns 3,224 shares of the technology company’s stock worth $709,000 after buying an additional 64 shares during the last quarter. Bill Few Associates Inc. raised its stake in International Business Machines by 10.1% during the 3rd quarter. Bill Few Associates Inc. now owns 21,821 shares of the technology company’s stock valued at $4,799,000 after acquiring an additional 2,006 shares during the last quarter. Avity Investment Management Inc. lifted its position in International Business Machines by 1.8% during the 3rd quarter. Avity Investment Management Inc. now owns 53,216 shares of the technology company’s stock worth $11,704,000 after acquiring an additional 945 shares during the period. Bullock Wealth Management Group lifted its position in International Business Machines by 2.9% during the 3rd quarter. Bullock Wealth Management Group now owns 2,949 shares of the technology company’s stock worth $665,000 after acquiring an additional 83 shares during the period. Finally, Riversedge Advisors LLC grew its stake in shares of International Business Machines by 20.7% in the 3rd quarter. Riversedge Advisors LLC now owns 2,172 shares of the technology company’s stock valued at $478,000 after purchasing an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines News Summary

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

Positive Sentiment: IBM advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, putting its hardware and architecture through independent verification. The company is targeting a fault-tolerant quantum computer by 2029, giving investors a potential long-term growth catalyst and external validation of its technology roadmap. IBM Wins DARPA’s Quantum Stamp of Approval
Positive Sentiment: IBM launched Ready for SAP Solutions, a consulting offering designed to help midsize and fast-growing companies modernize SAP cloud ERP systems using AI, integrated data and automation. The initiative could support consulting demand and strengthen IBM’s relationship with SAP customers. IBM and SAP ERP modernization partnership
Positive Sentiment: IBM Consulting’s second-quarter profit rose 15.1% to $647 million despite nearly flat revenue, indicating improved delivery economics and margin expansion. Separately, an IBM security partnership helped keep the cybersecurity sector in focus, potentially highlighting demand for IBM’s security capabilities. IBM Consulting profit growth
Neutral Sentiment: Truist Securities initiated coverage with a Hold rating and a $240 price target. The firm sees IBM’s long-term enterprise-computing position positively but said the timing of AI-driven demand and near-term execution remain uncertain. Truist starts IBM at Hold
Negative Sentiment: IBM’s mainframe revenue reportedly fell 42% in fiscal second quarter, while distributed infrastructure rose 37%; total revenue increased only 1% to approximately $17.2 billion. The contrast underscores pressure on a legacy business and raises questions about the durability of IBM’s growth outlook. IBM mainframe revenue decline
Negative Sentiment: Analysts continue to cite IBM’s second-quarter execution shortfall, including large deals that closed later than expected. That caution is limiting enthusiasm despite the stock’s lower valuation and the company’s longer-term AI and quantum opportunities. IBM Stock Looks Cheap

Analyst Ratings Changes

A number of research analysts have recently issued reports on IBM shares. Jefferies Financial Group cut their price target on International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. HSBC lowered their price objective on shares of International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. Craig Hallum assumed coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They issued a “buy” rating on the stock. Evercore cut their price objective on shares of International Business Machines from $310.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and a consensus target price of $252.96.

Get Our Latest Analysis on International Business Machines

International Business Machines Price Performance

NYSE:IBM traded up $0.30 during trading hours on Friday, hitting $226.91. The company’s stock had a trading volume of 3,349,049 shares, compared to its average volume of 7,538,434. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The business’s 50-day moving average is $232.29 and its two-hundred day moving average is $243.97. The company has a market capitalization of $213.78 billion, a PE ratio of 20.13, a PEG ratio of 2.10 and a beta of 0.73.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the firm earned $2.80 EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company’s 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 transaction, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

About International Business Machines

(Free Report)

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.