Empirical Asset Management Buys into International Business Machines

Empirical Asset Management LLC acquired 2,282 shares of International Business Machines Corporation (IBM) in its second-quarter portfolio update. The stake is valued at approximately $642,000.

This purchase was part of a larger trend, as several institutional investors and hedge funds added to their stakes in IBM during the same period.

International Business Machines reported $2.93 earnings per share (EPS) for the quarter, meeting analyst expectations. The company's revenue came in at $17.16 billion, a 1.1% increase from the same period last year.