OneAscent Invests $846,000 in IBM Amid Institutional Buying
OneAscent Family Office LLC has invested $846,000 in International Business Machines Corporation (NYSE:IBM), according to its latest 13F filing with the SEC. The firm purchased 3,010 shares of IBM's stock during the second quarter.
This is not an isolated instance of institutional investment in IBM. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position by 424.6% in the fourth quarter and now owns 260,740 shares worth $77,234,000. Assetmark Inc. raised its stake in IBM by 24.8% during the first quarter.
International Business Machines Corporation has a market capitalization of $221.28 billion and a debt-to-equity ratio of 1.63. The company's revenue for the second quarter was up 1.1% year-over-year, and it reported earnings per share of $2.93, meeting analyst estimates.
IBM's principal businesses include cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.