Calamos Advisors LLC Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Calamos Advisors LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 169,845 shares of the technology company’s stock after selling 4,520 shares during the period. Calamos Advisors LLC’s holdings in International Business Machines were worth $37,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBM. Alliance Wealth Advisors LLC UT lifted its stake in shares of International Business Machines by 1.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,427 shares of the technology company’s stock valued at $3,391,000 after purchasing an additional 281 shares during the period. GEN Financial Management INC. purchased a new position in International Business Machines during the 4th quarter worth $249,000. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth $259,000. Optas LLC boosted its stake in International Business Machines by 2.0% in the 4th quarter. Optas LLC now owns 2,596 shares of the technology company’s stock worth $571,000 after buying an additional 50 shares during the last quarter. Finally, Holistic Planning LLC raised its stake in shares of International Business Machines by 4.7% in the 4th quarter. Holistic Planning LLC now owns 2,178 shares of the technology company’s stock valued at $479,000 after acquiring an additional 98 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IBM shares. Morgan Stanley increased their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. UBS Group increased their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Bank of America boosted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stifel Nicolaus raised their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.53.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $260.84 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market cap of $241.19 billion, a P/E ratio of 40.69, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The firm’s fifty day simple moving average is $226.61 and its 200 day simple moving average is $214.76. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $262.06.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts predict that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. International Business Machines’s payout ratio is 104.21%.

About International Business Machines

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.