Crossmark Cuts Stake in IBM Amid Mixed Earnings and Partnerships

Crossmark Global Holdings Inc., an investment firm, has reduced its stake in International Business Machines Corporation (IBM) by 9.1% during the second quarter.

The company's holdings in IBM were valued at $33,492,000 at the end of the quarter, according to a recent filing with the Securities and Exchange Commission.

Other investors have also made changes to their stakes in IBM. Basepoint Wealth LLC purchased a new stake worth $25,000 in the fourth quarter, while Cornerstone Financial Management LLC bought a new position valued at $28,000 in the same period.

The technology company reported $2.93 EPS for the quarter, meeting analysts' estimates of $2.93. Revenue was up 1.1% from the same quarter last year.