International Business Machines (NYSE:IBM) Stock Sold Off Rep. Josh Gottheimer

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of International Business Machines Corporation (NYSE:IBM). In a filing disclosed on August 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in International Business Machines stock on July 16th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGN) on 7/24/2026.
• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGM) on 7/24/2026.
• Purchased $1,001 – $15,000 in shares of (NASDAQ:GOOGN) on 7/23/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 7/23/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/20/2026.
• Purchased $1,001 – $15,000 in shares of NiCE (NASDAQ:NICE) on 7/20/2026.
• Purchased $1,001 – $15,000 in shares of Monster Beverage (NASDAQ:MNST) on 7/17/2026.
• Sold $1,001 – $15,000 in shares of Chart Industries (NYSE:GTLS) on 7/17/2026.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 7/16/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 7/15/2026.

International Business Machines Stock Performance

Shares of IBM opened at $238.62 on Wednesday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month 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 firm’s 50 day moving average price is $255.09 and its two-hundred day moving average price is $254.13. The firm has a market cap of $224.81 billion, a P/E ratio of 21.17, a PEG ratio of 2.32 and a beta of 0.70.

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 analysts’ consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines’s payout ratio is currently 59.98%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Robert W. Baird started coverage on International Business Machines in a research note on Tuesday, July 21st. They issued a “neutral” rating and a $230.00 price objective on the stock. The Goldman Sachs Group set a $270.00 target price on International Business Machines in a report on Thursday, July 23rd. Oppenheimer downgraded International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. BMO Capital Markets reduced their price objective on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.40.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently added to or reduced their stakes in the business. Family CFO Inc purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC purchased a new stake in International Business Machines in the first quarter worth $26,000. Harborfront Financial Group LLC bought a new stake in International Business Machines in the 2nd quarter valued at about $27,000. Finally, Joseph Group Capital Management bought a new stake in shares of International Business Machines in the fourth quarter valued at approximately $28,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Key International Business Machines News

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

• Positive Sentiment: AI infrastructure deal provides the clearest near-term catalyst. IBM signed a multi-year agreement valued at approximately $240 million with Together AI to build a large-scale open-source AI inference cluster on IBM Cloud. The system will use NVIDIA HGX B300 platforms and Spectrum-X networking, with availability expected in the first quarter of 2027. The contract supports IBM’s effort to turn AI demand into cloud revenue and strengthens its position in the growing inference market. Reuters article
• Positive Sentiment: IBM is broadening its partner-led sales reach. TD SYNNEX plans to expand IBM distribution into 20 additional countries across Europe, Asia-Pacific, and Latin America. The move could improve access to IBM’s cloud, software, and infrastructure offerings, although the direct financial impact is not yet quantified. TD SYNNEX expands IBM distribution article
• Neutral Sentiment: IBM raised CAD 997.11 million through fixed-rate notes. The 4.750% notes mature in 2034, giving investors updated information about IBM’s funding costs and capital structure. The proceeds provide liquidity, but the additional debt and interest expense are a consideration given the company’s existing leverage. IBM funding and stock attention article
• Neutral Sentiment: Quantum computing remains a longer-term growth narrative. Commentary citing IBM’s CEO suggests the technology could begin making a measurable contribution to results in coming years, but it is not an immediate earnings driver. IBM quantum computing outlook article
• Negative Sentiment: Risk concerns remain. A law firm announced an investigation into a sharp prior decline in IBM shares, while separate commentary raised concerns about whether massive industrywide AI infrastructure spending can generate adequate returns. These developments may limit enthusiasm despite the new AI contract. IBM securities investigation article

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.