International Business Machines Corporation $IBM Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 7.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 123,566 shares of the technology company’s stock after buying an additional 8,240 shares during the quarter. Calamos Advisors LLC’s holdings in International Business Machines were worth $29,951,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $25,000. Family CFO Inc acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Joseph Group Capital Management bought a new stake in shares of International Business Machines in the 4th quarter worth $28,000. Cornerstone Financial Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $290.46 on Tuesday. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The business’s fifty day moving average is $264.95 and its two-hundred day moving average is $265.82. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $273.00 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.78 and a beta of 0.68.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Equities research analysts forecast that International Business Machines Corporation will post 12.45 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is 59.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wedbush set a $350.00 price target on International Business Machines in a research report on Tuesday, June 2nd. Jefferies Financial Group started coverage on shares of International Business Machines in a research note on Tuesday, June 23rd. They issued a “buy” rating on the stock. Stifel Nicolaus set a $290.00 target price on shares of International Business Machines in a research note on Friday, May 22nd. Roth Capital reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $306.28.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Jim Cramer called IBM inexpensive, praised CEO Arvind Krishna’s execution, and suggested buying the stock, reinforcing the bullish view that the company is undervalued. Jim Cramer on IBM: “It’s Inexpensive and Arvind Krishna’s Doing a Fantastic Job”
• Positive Sentiment: IBM unveiled major updates to its Bob AI platform, which could improve its competitive position in enterprise AI and support the stock’s growth narrative. IBM Just Unveiled Major Updates to Its Bob AI Platform. How to Play IBM Stock Here.
• Positive Sentiment: Market commentary on IBM’s quantum efforts and its presence in a Capitol Hill quantum tech showcase kept attention on the company’s long-term technology upside. Quantum Tech on Capitol Hill: Nvidia, IBM and More Stocks to Watch
• Positive Sentiment: Analysts and media reports framed IBM as a potential dividend-and-growth name, suggesting investors still see defensive appeal alongside capital appreciation potential. 3 Dividend Stocks with Growth on Tap for the Second Half
• Neutral Sentiment: Several articles debated IBM’s place in the AI trade and whether it can remain steady through an AI “reset,” but these pieces were more about positioning than a clear new catalyst. Can IBM (NYSE:IBM) Stay Steady Through the AI Reset?
• Neutral Sentiment: A comparison article argued HubSpot has the edge over IBM on faster growth and valuation, which is a mild reminder that IBM still faces competition for AI investor dollars. HubSpot vs. IBM: Which AI Software Stock is a Better Buy Now?

International Business Machines 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.