Calamos Wealth Management LLC Raises Stock Position in International Business Machines Corporation (NYSE:IBM)

Calamos Wealth Management LLC raised its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 97.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,949 shares of the technology company's stock after purchasing an additional 1,950 shares during the period. Calamos Wealth Management LLC's holdings in International Business Machines were worth $982,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in International Business Machines during the first quarter valued at about $396,000. Treasurer of the State of North Carolina lifted its position in shares of International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of International Business Machines in the fourth quarter valued at about $3,000,000. Magnolia Private Wealth LLC purchased a new position in shares of International Business Machines in the first quarter valued at about $239,000. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of International Business Machines by 0.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company's stock valued at $35,172,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on IBM shares. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Bank of America increased their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $257.50.

International Business Machines Trading Up 1.4%

NYSE:IBM traded up $4.01 during midday trading on Friday, hitting $291.66. The stock had a trading volume of 1,853,289 shares, compared to its average volume of 4,223,087. The stock has a 50-day moving average of $267.18 and a 200 day moving average of $249.22. The company has a market capitalization of $271.06 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 6.13 and a beta of 0.69. International Business Machines Corporation has a one year low of $173.95 and a one year high of $296.16. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

International Business Machines Profile

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.