Calamos Advisors LLC Buys 2,335 Shares of International Business Machines Corporation $IBM

Calamos Advisors LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,559 shares of the technology company’s stock after purchasing an additional 2,335 shares during the period. Calamos Advisors LLC’s holdings in International Business Machines were worth $25,415,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBM. Assetmark Inc. increased its holdings in shares of International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock valued at $15,624,000 after acquiring an additional 12,791 shares during the last quarter. Flputnam Investment Management Co. bought a new position in International Business Machines during the second quarter worth $15,237,000. Beacon Investment Advisory Services Inc. boosted its holdings in International Business Machines by 939.4% in the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock worth $8,575,000 after purchasing an additional 27,561 shares during the period. St. Louis Financial Planners Asset Management LLC boosted its holdings in International Business Machines by 34.6% in the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after purchasing an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in International Business Machines by 9.0% during the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock valued at $15,222,000 after purchasing an additional 5,196 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $2.40 during trading hours on Friday, hitting $244.71. The stock had a trading volume of 3,491,508 shares, compared to its average volume of 5,459,637. The stock’s fifty day simple moving average is $236.76 and its 200 day simple moving average is $248.64. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The firm has a market capitalization of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.49 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 earnings per share. Sell-side analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial set a $260.00 price target on shares of International Business Machines in a research report on Thursday, October 22nd. Daiwa Securities Group lowered their price objective on shares of International Business Machines from $247.00 to $217.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Yorkville Ives assumed coverage on shares of International Business Machines in a research note on Monday, October 5th. They set an “outperform” rating and a $275.00 price objective on the stock. Stifel Nicolaus raised their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Robert W. Baird increased their target price on International Business Machines from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.88.

Key International Business Machines News

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.’ Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.