International Business Machines (IBM)

Company Profile

International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years.

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

Analyst ratings and price targets

Last 3 months

Average target

$149.20

Low target

$140.00

High target

$158.00

Latest filings (excl ownership)

View all

424B5

Prospectus supplement for primary offering

1 Feb 23

424B5

Prospectus supplement for primary offering

Free writing prospectus

30 Jan 23

FWP

Free writing prospectus

30 Jan 23

424B3

Prospectus supplement

30 Jan 23

424B3

Prospectus supplement

30 Jan 23

8-K

IBM 4Q22 Earnings Prepared Remarks

26 Jan 23

8-K

Ibm Releases Fourth-quarter Results

25 Jan 23

8-K

Departure of Directors or Certain Officers

5 Jan 23

Transcripts

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IBM

Earnings call transcript

2022 Q4

25 Jan 23

IBM

Earnings call transcript

2022 Q3

20 Oct 22

IBM

Earnings call transcript

2022 Q1

20 Apr 22

IBM

Earnings call transcript

2021 Q4

25 Jan 22

IBM

Earnings call transcript

2021 Q3

21 Oct 21

IBM

Earnings call transcript

2021 Q2

20 Jul 21

IBM

Earnings call transcript

2021 Q1

20 Apr 21

IBM

Earnings call transcript

2020 Q4

22 Jan 21

IBM

Earnings call transcript

2020 Q3

19 Oct 20

IBM

Earnings call transcript

2020 Q2

21 Jul 20

Latest ownership filings

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FREDERICK WILLIAM MCNABB III

Financial summary

Financial statements Chart IBM financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 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)	7.98 bn	7.98 bn	7.98 bn	7.98 bn	7.98 bn	7.98 bn
Cash burn (monthly)	(no burn)	(no burn)	1.50 bn	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	6.19 bn	n/a	n/a	n/a
Cash remaining	n/a	n/a	1.78 bn	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	1.2	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

IBM institutional ownership history Ownership history

50.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2225	2316	-3.9%
Opened positions	103	183	-43.7%
Closed positions	194	150	+29.3%
Increased positions	1016	1105	-8.1%
Reduced positions	774	712	+8.7%

13F shares	Current	Prev Q	Change
Total value	55.03 bn	70.29 bn	-21.7%
Total shares	451.69 mm	498.04 mm	-9.3%
Total puts	13.11 mm	10.78 mm	+21.7%
Total calls	16.97 mm	14.73 mm	+15.2%
Total put/call ratio	0.8	0.7	+5.6%

Largest owners	Shares	Value	Change
Vanguard	79.08 mm	$9.40 bn	+2.2%
BLK Blackrock	69.91 mm	$8.31 bn	+0.2%
Charles Schwab Investment Management	18.43 mm	$2.19 bn	+9.5%
Geode Capital Management	15.64 mm	$1.86 bn	+2.0%
MS Morgan Stanley	13.51 mm	$1.60 bn	+7.9%
JPM JPMorgan Chase & Co.	11.02 mm	$1.31 bn	+5.6%
NTRS Northern Trust	10.62 mm	$1.26 bn	-0.4%
BAC Bank Of America	9.27 mm	$1.10 bn	+3.2%
BK Bank Of New York Mellon	8.13 mm	$966.02 mm	+1.0%
LGEN Legal & General	6.71 mm	$796.86 mm	-3.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-52.98 mm	EXIT
Vanguard	79.08 mm	+1.71 mm	+2.2%
Arrowstreet Capital, Limited Partnership	4.34 mm	+1.70 mm	+64.5%
Charles Schwab Investment Management	18.43 mm	+1.59 mm	+9.5%
MS Morgan Stanley	13.51 mm	+988.72 k	+7.9%
GS Goldman Sachs	4.70 mm	-980.18 k	-17.3%
BCS Barclays	1.63 mm	+746.65 k	+84.6%
TD Toronto Dominion Bank	0.00	-629.83 k	EXIT
Nuveen Asset Management	3.74 mm	-614.06 k	-14.1%
JPM JPMorgan Chase & Co.	11.02 mm	+588.73 k	+5.6%

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.

Recent insider trades

IBM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Jan 23	Gary D Cohn	Common Stock	Payment of exercise	Dispose F	No	No	142.495	2,119	301.95 k	35,545.873
4 Jan 23	Gary D Cohn	Common Stock	Option exercise	Acquire M	No	No	0	5,113	0.00	37,664.873
4 Jan 23	Gary D Cohn	Rst. Stock Unit Common Stock	Option exercise	Dispose M	No	No	0	5,113	0.00	10,226
31 Dec 22	Buberl Thomas	Promised Fee Share Common Stock	Grant	Acquire A	No	No	140.89	577	81.29 k	7,198
31 Dec 22	Gorsky Alex	Promised Fee Share Common Stock	Grant	Acquire A	No	No	140.89	648	91.30 k	24,005
31 Dec 22	Farr David N	Promised Fee Share Common Stock	Grant	Acquire A	No	No	140.89	347	48.89 k	17,040