International Business Machines (IBM)

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. The Cloud & Cognitive Software segment provides integrated and secure cloud, data and solutions to the clients. The Global Business Services segment provides clients with consulting, application management and global process services. The Global Technology Services segment provides comprehensive IT infrastructure and platform services that create business value for clients. The Systems segment provides clients with innovative infrastructure platforms to help meet the requirements of hybrid cloud and enterprise AI workload. The Global Financing segment encompasses two primary businesses: financing, primarily conducted through IBM Credit LLC, and remanufacturing and remarketing. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

Company profile

Ticker

IBM

Exchange

NYSE

Website

www.ibm.com/

CEO

Virginia Rometty

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Computer Systems Design Services

Industry (SIC)

Computer & office Equipment

HP • Exeo Entertainment • DigitalTown • Nec ...

SEC CIK

0000051143

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

IBM Argentina Sociedad de Responsabilidad Limitada • IBM Australia Limited • IBM Global Financing Australia Limited • Red Hat Austria GmbH • IBM Bahamas Limited • IBM Bangladesh Private Limited • IBM Belgium Financial Services Company • WTC Insurance Corporation, Ltd. • IBM Brasil—Industria, Maquinas e Servicos Limitada • Banco IBM S.A. ...

IRS number

130871985

IBM stock data

1M 1Y 5Y

News

From Benzinga Pro

IBM Whale Trades For August 09

9 Aug 22

Someone with a lot of money to spend has taken a bearish stance on IBM (NYSE:IBM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Telos Misses On Q2, Notes Margin Pressure

9 Aug 22

IBM Whale Trades For August 05

5 Aug 22

10 Highest Yielding Dow Jones Stocks: Which Stocks Pay Out 3.2% To 5.5% To Investors?

2 Aug 22

'IBM board probes claims of fudged sales figures that led to big bonuses for execs' -The Register Report

2 Aug 22

Press releases

From Benzinga Pro

Investing in Quantum Computing: What Every Investor Needs to Know

10 Aug 22

NetworkNewsWire Editorial Coverage NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Quantum computing has moved from research to reality, as companies increasingly turn to the power of quantum mechanical effects to solve complex

Astadia Publishes Mainframe to Cloud Reference Architecture Series

3 Aug 22

The guides leverage Astadia's 25+ years of expertise in partnering with organizations to reduce costs, risks and timeframes when migrating their IBM mainframe applications to cloud platforms Astadia is pleased to

IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

27 Jul 22

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses CAMBRIDGE, Mass., July

Quantum Computing Has Arrived

26 Jul 22

IBM BOARD APPROVES REGULAR QUARTERLY CASH DIVIDEND

25 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$153.00

Low target

$148.00

High target

$156.00

Calendar

25 Jul 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart IBM financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	7.25B	7.25B	7.25B	7.25B	7.25B	7.25B
Cash burn (monthly)	988.33M	25.92M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.44B	37.74M	n/a	n/a	n/a	n/a
Cash remaining	5.81B	7.22B	n/a	n/a	n/a	n/a
Runway (months of cash)	5.9	278.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

IBM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
9 Aug 22	James J Kavanaugh	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	117	9,288
9 Aug 22	Browdy Michelle H	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	56	4,407
9 Aug 22	Del Bene Robert F	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	47	3,736
9 Aug 22	Thomas W Rosamilia	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	318	25,274
9 Aug 22	Arvind Krishna	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	221	17,550

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

IBM institutional ownership history Ownership history

54.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2265	2287	-1.0%
Opened positions	146	322	-54.7%
Closed positions	168	162	+3.7%
Increased positions	1033	844	+22.4%
Reduced positions	769	869	-11.5%

13F shares	Current	Prev Q	Change
Total value	63.65B	66.51B	-4.3%
Total shares	493.27M	498.12M	-1.0%
Total puts	12M	15.5M	-22.6%
Total calls	19M	17.37M	+9.4%
Total put/call ratio	0.6	0.9	-29.2%

Largest owners	Shares	Value	Change
Vanguard	77M	$10.01B	+1.9%
BLK Blackrock	66.59M	$8.66B	+1.7%
STT State Street	53.76M	$6.99B	+1.3%
Charles Schwab Investment Management	16.3M	$2.12B	+7.3%
Geode Capital Management	15.36M	$1.99B	+2.3%
NTRS Northern Trust	10.56M	$1.37B	-1.2%
JPM JPMorgan Chase & Co.	10.06M	$1.31B	+1.3%
MS Morgan Stanley	8.83M	$1.15B	-9.1%
BAC Bank Of America	8.5M	$1.11B	+14.7%
BK Bank Of New York Mellon	7.79M	$1.01B	-2.4%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-7.67M	EXIT
Aaron Wealth Advisors	3.36M	+3.33M	+13011.7%
Vanguard	77M	+1.45M	+1.9%
Arrowstreet Capital, Limited Partnership	4.46M	+1.16M	+35.3%
BLK Blackrock	66.59M	+1.14M	+1.7%
BCS Barclays	1.21M	-1.14M	-48.5%
Charles Schwab Investment Management	16.3M	+1.11M	+7.3%
BAC Bank Of America	8.5M	+1.09M	+14.7%
BNS Bank Of Nova Scotia	406.17K	-1.02M	-71.5%
FMR	3.89M	-931.85K	-19.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Intel • Leidos • Quantum • Qualstar • Microsoft • NortonLifeLock • Cisco Systems • Synopsys • Netapp • Open Text

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: aforementioned, alert, annuity, appointing, ASM, attack, BMC, choose, choosing, component, derecognition, disposition, dispute, escalating, exponentially, extinguish, extinguished, facility, fuel, fundamental, Institute, institution, Iron, launch, lawsuit, lost, mainframe, midrange, miscalculated, movement, National, navigate, NIST, outdated, Proactive, QRadar, qubit, Randori, realize, Relatedly, repaid, repay, roadmap, server, stranded, strike, supplier, surface, survivor, velocity, violation, VWAP, Watson, wave, XDR

Removed: adding, aggressively, alternative, charged, competitively, criteria, deregistered, direction, disruption, divested, essentially, expanding, experiential, fairly, frequently, good, hiring, improvement, LLC, managing, meeting, passing, preferred, premium, redeemed, redemption, resource, solution, spend, weakening, win

From filing 10-Q 2022 Q2

Financial reports

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