Calamos Advisors LLC Lowers Position in International Business Machines Corporation $IBM

Key Points

• Calamos Advisors LLC reduced its stake by 3.8%, selling 4,544 shares and holding 115,326 shares of IBM valued at about $34.16 million at the end of the quarter.
• IBM beat Q1 estimates with $15.92 billion in revenue and $1.91 EPS, and raised its quarterly dividend to $1.69 — its 31st consecutive annual dividend increase.
• Despite the beat and dividend hike, the stock experienced a post‑earnings selloff over concerns about near‑term AI monetization and analyst target cuts, though the consensus rating is a Moderate Buy with a $300.25 price target.

Calamos Advisors LLC lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,326 shares of the technology company's stock after selling 4,544 shares during the period. Calamos Advisors LLC's holdings in International Business Machines were worth $34,161,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in International Business Machines by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company's stock worth $27,024,243,000 after purchasing an additional 724,832 shares in the last quarter. Capital World Investors raised its stake in shares of International Business Machines by 13.9% during the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock worth $4,809,461,000 after buying an additional 2,077,506 shares during the period. Legal & General Group Plc raised its stake in shares of International Business Machines by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company's stock worth $2,060,536,000 after buying an additional 176,219 shares during the period. Amundi raised its stake in shares of International Business Machines by 17.9% during the 3rd quarter. Amundi now owns 4,777,516 shares of the technology company's stock worth $1,382,695,000 after buying an additional 725,191 shares during the period. Finally, Invesco Ltd. raised its stake in shares of International Business Machines by 2.2% during the 3rd quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company's stock worth $1,106,414,000 after buying an additional 86,123 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

In related news, Director David N. Farr bought 1,000 shares of the business's stock in a transaction on Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director directly owned 9,258 shares of the company's stock, valued at $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Miebach bought 434 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, with a total value of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares in the company, valued at approximately $101,265.22. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 1,484 shares of company stock valued at $417,157 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IBM. UBS Group raised International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 target price for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. reduced their target price on International Business Machines from $317.00 to $283.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. Wedbush reduced their target price on International Business Machines from $340.00 to $320.00 and set an "outperform" rating for the company in a research note on Thursday. Evercore upped their target price on International Business Machines from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Finally, Morgan Stanley upped their target price on International Business Machines from $215.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.25.

Key International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: DZ Bank upgraded IBM to Buy with a $295 price target, giving bullish analyst support and a clear catalyst for buyers. DZ Bank Upgrades IBM to Buy With a $295 Price Target
• Positive Sentiment: IBM unveiled a new AI model aimed at better understanding fusion plasma — a positive long-term innovation narrative that supports IBM’s AI/technology credentials beyond near-term software metrics. IBM’s New AI Model Could Help Unlock Fusion Power
• Positive Sentiment: IBM raised its quarterly dividend to $1.69 (31st consecutive annual raise), which supports income-focused investor demand. What IBM's Q1 Beat and 31st Dividend Hike Mean
• Neutral Sentiment: IBM beat Q1 revenue and EPS estimates (revenue ~$15.9B, EPS $1.91) but management largely reiterated full‑year guidance — the beat removes one concern but the unchanged outlook limits upside momentum. IBM Q1 Deep Dive
• Neutral Sentiment: Broader market and sector context (software volatility, geopolitical oil/Strait of Hormuz risks) are contributing background noise that can amplify short-term swings but aren’t IBM‑specific fundamentals. US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
• Negative Sentiment: Investors punished the stock after earnings because software growth was viewed as underwhelming versus AI hype; this sparked a sharp post‑earnings selloff (double‑digit moves intraday in recent sessions). IBM slides 8% as investors digest Q1 beat
• Negative Sentiment: Some analysts trimmed targets or expressed concern about near‑term AI monetization, including a recent target cut that helped fuel selling pressure. Stock Down After Analyst Target Cut

International Business Machines Stock Up 0.3%

NYSE IBM opened at $231.88 on Friday. The business has a fifty day moving average price of $245.87 and a 200 day moving average price of $280.46. International Business Machines Corporation has a one year low of $220.72 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.92 and a current ratio of 0.80. The company has a market cap of $217.51 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.42 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the prior year, the company earned $1.60 EPS. The firm's revenue was up 9.5% compared to the same quarter last year. Research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $1.69 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's dividend payout ratio is 60.27%.

About International Business Machines

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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