Northern Trust Corp raised its stake in Acxiom Co. (NASDAQ:ACXM) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,937,399 shares of the information technology services provider’s stock after purchasing an additional 26,968 shares during the period. Northern Trust Corp owned 2.47% of Acxiom worth $50,334,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Acxiom by 0.3% during the second quarter. BlackRock Inc. now owns 8,084,968 shares of the information technology services provider’s stock worth $210,046,000 after purchasing an additional 22,593 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Acxiom by 6.3% during the first quarter. Vanguard Group Inc. now owns 6,283,499 shares of the information technology services provider’s stock worth $178,892,000 after purchasing an additional 372,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Acxiom by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,876,962 shares of the information technology services provider’s stock worth $81,906,000 after purchasing an additional 26,390 shares during the last quarter. State Street Corp boosted its holdings in Acxiom by 2.5% during the first quarter. State Street Corp now owns 2,440,925 shares of the information technology services provider’s stock worth $69,491,000 after purchasing an additional 59,324 shares during the last quarter. Finally, Evercore Trust Company N.A. boosted its holdings in Acxiom by 1.2% during the second quarter. Evercore Trust Company N.A. now owns 2,371,401 shares of the information technology services provider’s stock worth $61,609,000 after purchasing an additional 27,168 shares during the last quarter. 94.41% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ACXM. Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 target price on shares of Acxiom in a research note on Friday, September 22nd. Dougherty & Co reiterated a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. BidaskClub cut shares of Acxiom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $32.00 price target on shares of Acxiom in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.75.
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Shares of Acxiom Co. (ACXM) opened at 24.88 on Tuesday. The stock’s market cap is $1.98 billion. The stock has a 50 day moving average of $24.08 and a 200-day moving average of $25.83. Acxiom Co. has a 52 week low of $21.80 and a 52 week high of $30.40.
Acxiom (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Acxiom had a negative return on equity of 0.70% and a negative net margin of 0.61%. The firm had revenue of $213.00 million during the quarter, compared to the consensus estimate of $217.32 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts predict that Acxiom Co. will post $0.80 earnings per share for the current fiscal year.
In related news, CFO Warren Jenson bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $22.09 per share, with a total value of $220,900.00. Following the purchase, the chief financial officer now directly owns 377,415 shares of the company’s stock, valued at $8,337,097.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.54% of the stock is owned by company insiders.
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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