Calamos Advisors LLC Sells 670 Shares of International Business Machines Corporation $IBM

Calamos Advisors LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.4% during the second quarter, Holdings Channel.com reports. The firm owned 160,205 shares of the technology company’s stock after selling 670 shares during the period. Calamos Advisors LLC’s holdings in International Business Machines were worth $47,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Family CFO Inc bought a new position in shares of International Business Machines in the 2nd quarter valued at about $25,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter worth approximately $28,000. Highline Wealth Partners LLC raised its position in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $315.05 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $294.49 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm has a 50-day moving average of $283.64 and a two-hundred day moving average of $270.64. International Business Machines Corporation has a 1 year low of $204.07 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.1%. International Business Machines’s payout ratio is 80.38%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley cut their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Bank of America raised their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, UBS Group upped their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.