Teamwork Financial Advisors LLC Has $1.51 Million Holdings in International Business Machines Co. (NYSE:IBM)

Teamwork Financial Advisors LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 9.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,810 shares of the technology company’s stock after selling 703 shares during the period. Teamwork Financial Advisors LLC’s holdings in International Business Machines were worth $1,506,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in International Business Machines during the first quarter valued at $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines during the first quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the second quarter worth approximately $36,000. Financial Synergies Wealth Advisors Inc. lifted its stake in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM opened at $232.85 on Friday. The stock has a 50 day moving average of $211.38 and a 200 day moving average of $188.85. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $237.37. The company has a market capitalization of $213.90 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 EPS. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.87%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Jefferies Financial Group upped their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. BMO Capital Markets raised their target price on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada raised their price objective on International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $203.06.

International Business Machines Company 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.