Empirical Wealth Management Boosts Stake in IBM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management has significantly increased its stake in International Business Machines Corporation (IBM), a technology company based in Armonk, New York.

The firm's holdings in IBM were worth $16.92 million as of the most recent SEC filing and had been boosted by 5.4% during the second quarter. This increase was achieved through the purchase of an additional 3,106 shares.

International Business Machines has a market cap of $221.21 billion and reported $2.93 earnings per share for its latest quarter, meeting analyst estimates. The company's quarterly revenue was up 1.1% compared to the same period last year.