International Business Machines Corporation $IBM Stock Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 30.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,750 shares of the technology company’s stock after selling 2,569 shares during the quarter. Calamos Wealth Management LLC’s holdings in International Business Machines were worth $1,265,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Calamos Advisors LLC raised its holdings in shares of International Business Machines by 2.1% in the third quarter. Calamos Advisors LLC now owns 115,559 shares of the technology company’s stock valued at $25,415,000 after buying an additional 2,335 shares during the last quarter. Sharper & Granite LLC increased its position in International Business Machines by 14.7% in the 3rd quarter. Sharper & Granite LLC now owns 1,090 shares of the technology company’s stock valued at $264,000 after acquiring an additional 140 shares in the last quarter. Alta Advisers Ltd increased its position in International Business Machines by 88.6% in the 3rd quarter. Alta Advisers Ltd now owns 6,779 shares of the technology company’s stock valued at $1,491,000 after acquiring an additional 3,184 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of International Business Machines by 11.6% in the third quarter. Westside Investment Management Inc. now owns 1,247 shares of the technology company’s stock worth $275,000 after acquiring an additional 130 shares during the last quarter. Finally, Legacy Financial Independent Advisors LLC lifted its position in shares of International Business Machines by 1.7% during the third quarter. Legacy Financial Independent Advisors LLC now owns 5,796 shares of the technology company’s stock worth $1,275,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.0%

NYSE:IBM opened at $244.71 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The stock’s fifty day simple moving average is $236.76 and its 200-day simple moving average is $248.64. The firm has a market capitalization of $231.28 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.41 and a beta of 0.78.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.65 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. International Business Machines’s payout ratio is currently 57.63%.

Key Stories Impacting International Business Machines

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

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value 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. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of International Business Machines from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Yorkville Ives assumed coverage on shares of International Business Machines in a research report on Monday, October 5th. They issued an “outperform” rating and a $275.00 price objective for the company. Truist Financial set a $260.00 price objective on International Business Machines in a report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price objective on shares of International Business Machines in a research report on Thursday, October 22nd. Finally, HSBC lowered their target price on International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $266.88.

International Business Machines Company 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.