International Business Machines Corporation $IBM Position Boosted by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 115,559 shares of the technology company’s stock after buying an additional 2,335 shares during the quarter. Calamos Advisors LLC’s holdings in International Business Machines were worth $25,415,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sharper & Granite LLC grew its holdings in shares of International Business Machines by 14.7% in the 3rd quarter. Sharper & Granite LLC now owns 1,090 shares of the technology company’s stock worth $264,000 after acquiring an additional 140 shares during the last quarter. Alta Advisers Ltd lifted its holdings in shares of International Business Machines by 88.6% during the third quarter. Alta Advisers Ltd now owns 6,779 shares of the technology company’s stock valued at $1,491,000 after purchasing an additional 3,184 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of International Business Machines by 11.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,247 shares of the technology company’s stock valued at $275,000 after purchasing an additional 130 shares during the period. Legacy Financial Independent Advisors LLC boosted its position in shares of International Business Machines by 1.7% in the 3rd quarter. Legacy Financial Independent Advisors LLC now owns 5,796 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 95 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in International Business Machines by 7.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 236,758 shares of the technology company’s stock worth $52,070,000 after purchasing an additional 15,867 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

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

Analyst Ratings Changes

Several research firms have issued reports on IBM. Daiwa Securities Group cut their price objective on International Business Machines from $247.00 to $217.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Jefferies Financial Group boosted their price target on shares of International Business Machines from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a research report on Thursday, October 22nd. Finally, Barclays raised their price objective on shares of International Business Machines from $262.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Nineteen 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 stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $266.88.

Insider Buying and Selling

In related news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale 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.

International Business Machines Stock Down 1.0%

International Business Machines stock traded down $2.40 during mid-day trading on Friday, hitting $244.71. The company’s stock had a trading volume of 3,491,508 shares, compared to its average volume of 5,459,637. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a market cap of $231.28 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. The firm’s 50 day moving average is $236.76 and its 200 day moving average is $248.64.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.10. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. On average, analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared 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. This represents a $6.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 57.63%.

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.