California State Teachers Retirement System reduced its holdings in shares of Acxiom Co. (NASDAQ:ACXM) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,896 shares of the information technology services provider’s stock after selling 11,592 shares during the period. California State Teachers Retirement System owned about 0.16% of Acxiom worth $3,127,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ACXM. BlackRock Inc. raised its stake in shares of Acxiom by 0.3% in the second quarter. BlackRock Inc. now owns 8,084,968 shares of the information technology services provider’s stock worth $210,046,000 after acquiring an additional 22,593 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Acxiom by 1.7% during the second quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock worth $166,050,000 after buying an additional 107,930 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Acxiom by 165.9% during the third quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock worth $131,407,000 after buying an additional 3,327,468 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Acxiom by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,054,068 shares of the information technology services provider’s stock worth $75,253,000 after buying an additional 80,406 shares during the last quarter. Finally, State Street Corp grew its holdings in Acxiom by 3.9% during the second quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock valued at $65,876,000 after purchasing an additional 94,650 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.
Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 price target on shares of Acxiom in a report on Friday, September 22nd. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $32.00 price objective on shares of Acxiom in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Acxiom has a consensus rating of “Hold” and a consensus price target of $32.33.
Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The company had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that Acxiom Co. will post 0.35 EPS for the current fiscal year.
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Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.
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