Chase Investment Counsel Corp Invests $757,000 in International Business Machines Corporation $IBM

Chase Investment Counsel Corp acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,684 shares of the technology company’s stock, valued at approximately $757,000.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC grew its stake in shares of International Business Machines by 10.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after buying an additional 186 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of International Business Machines by 65.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 312 shares of the technology company’s stock worth $92,000 after buying an additional 123 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of International Business Machines by 19.7% in the 2nd quarter. Resonant Capital Advisors LLC now owns 4,302 shares of the technology company’s stock worth $1,268,000 after buying an additional 709 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of International Business Machines by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,415,043 shares of the technology company’s stock worth $417,125,000 after buying an additional 75,393 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the acquisition, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

International Business Machines Trading Down 13.4%

NYSE IBM opened at $222.64 on Tuesday. The stock has a market cap of $208.11 billion, a P/E ratio of 19.97, a PEG ratio of 2.58 and a beta of 0.69. The company’s fifty day simple moving average is $292.35 and its 200-day simple moving average is $284.26. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the previous year, the firm posted $3.92 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a $1.68 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 annualized dividend and a dividend yield of 3.0%. International Business Machines’s payout ratio is 60.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush boosted their price target on International Business Machines from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Royal Bank Of Canada set a $361.00 target price on International Business Machines in a report on Thursday, January 29th. Dbs Bank upgraded shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. Argus set a $360.00 price objective on shares of International Business Machines in a research note on Friday, January 30th. Finally, Evercore increased their price objective on shares of International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.07.

International Business Machines News Summary

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

• Positive Sentiment: IBM is ramping U.S. entry-level hiring (plans to triple entry-level roles), which could support long-term talent and execution as it shifts more work to AI and cloud services. IBM Expands Entry-Level Hiring
• Positive Sentiment: Industry reports name IBM among leaders in healthcare financial analytics and other enterprise segments, highlighting ongoing addressable-market opportunities outside the COBOL/mainframe niche. Healthcare Financial Analytics Industry Report
• Positive Sentiment: Brokerage consensus remains skewed positive overall (consensus “Moderate Buy” in some summaries), meaning some analysts still see upside relative to current depressed prices. Consensus Recommendation
• Neutral Sentiment: Market context: the drop in IBM shares coincides with broader tech/software volatility and a rotation to defensive sectors — some commentators view deeper pullbacks as buying opportunities for select tech names. (Market commentary — no direct company action.)
• Neutral Sentiment: Analyst coverage and price targets remain mixed: several firms maintain buy/outperform views and high targets while at least one firm (UBS) is bearish, reflecting divergent views on IBM’s ability to defend legacy revenue vs. AI-driven growth. QuiverQuant Coverage
• Negative Sentiment: Anthropic’s Claude Code adding COBOL/legacy-code capabilities is the immediate catalyst: investors fear automation will reduce demand for costly, consultant-led COBOL modernization services that have supported IBM’s mainframe ecosystem. IBM’s stock heads for worst month in 34 years
• Negative Sentiment: News coverage reports a sharp intraday market cap loss and the steepest one-day decline in decades after Anthropic’s launch, amplifying panic selling and momentum pressure. Forbes: IBM Shares Plummet 13%
• Negative Sentiment: Mainstream outlets note the threat specifically to COBOL/mainframe work — a meaningful revenue niche for IBM — which increases near-term uncertainty about consulting and infrastructure services. CNBC: IBM is the latest AI casualty
• Negative Sentiment: Regional press highlights direct risk to IBM’s mainframe business from automated modernization tools, which could pressure services revenue and long-term margins if adoption is rapid. Financial Post: IBM shares plunge

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.