International Business Machines Corporation $IBM Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its holdings in International Business Machines Corporation (NYSE:IBMFree Report) by 75.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 8,328 shares of the technology company’s stock after acquiring an additional 3,589 shares during the quarter. Calamos Wealth Management LLC’s holdings in International Business Machines were worth $2,350,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Family CFO Inc acquired a new position in shares of International Business Machines during the second quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in International Business Machines during the 2nd quarter valued at approximately $27,000. Highline Wealth Partners LLC raised its holdings in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Copia Wealth Management grew its holdings in shares of International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $302.06 on Wednesday. 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 company has a 50 day moving average price of $304.46 and a 200-day moving average price of $281.21. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The firm has a market cap of $282.35 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the company earned $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Bank of America raised their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Jefferies Financial Group lifted their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. Finally, UBS Group restated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

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Key Stores Impacting International Business Machines

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About International Business Machines

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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