OneAscent Financial Services Acquires IBM Shares Worth Over $1 Million
International Business Machines Corporation (IBM) reported that OneAscent Financial Services LLC acquired a new position in its shares during the second quarter. The fund bought 4,397 shares of IBM's stock valued at approximately $1,237,000.
The purchase was disclosed through the Securities and Exchange Commission filing. This is not an isolated instance as several other large investors also recently added to or reduced their stakes in IBM. For example, Basepoint Wealth LLC acquired a new stake in IBM's shares during the fourth quarter worth $25,000.
IBM's principal businesses include cloud computing and software, infrastructure and systems, consulting and technology services, and research and development. The company has a market capitalization of $221.28 billion with a price-to-earnings ratio of 20.84 and a beta of 0.71.