Legal & General Group Plc increased its position in shares of Acxiom Corporation (NASDAQ:ACXM) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,528 shares of the information technology services provider’s stock after buying an additional 12,010 shares during the period. Legal & General Group Plc’s holdings in Acxiom Corporation were worth $1,406,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of Acxiom Corporation by 17.5% in the first quarter. TIAA CREF Investment Management LLC now owns 265,650 shares of the information technology services provider’s stock worth $7,563,000 after buying an additional 39,582 shares during the period. Teachers Advisors LLC raised its stake in shares of Acxiom Corporation by 0.8% in the first quarter. Teachers Advisors LLC now owns 475,499 shares of the information technology services provider’s stock worth $13,537,000 after buying an additional 3,845 shares during the period. Advantus Capital Management Inc raised its stake in shares of Acxiom Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 9,995 shares of the information technology services provider’s stock worth $285,000 after buying an additional 367 shares during the period. Principal Financial Group Inc. raised its stake in shares of Acxiom Corporation by 6.2% in the first quarter. Principal Financial Group Inc. now owns 325,318 shares of the information technology services provider’s stock worth $9,262,000 after buying an additional 19,063 shares during the period. Finally, OppenheimerFunds Inc. bought a new stake in shares of Acxiom Corporation during the first quarter worth about $260,000. 96.25% of the stock is owned by institutional investors and hedge funds.
Acxiom Corporation (NASDAQ:ACXM) opened at 22.97 on Friday. The company’s market capitalization is $1.83 billion. Acxiom Corporation has a 52-week low of $22.64 and a 52-week high of $30.40. The stock’s 50 day moving average price is $25.95 and its 200-day moving average price is $27.24.
Acxiom Corporation (NASDAQ:ACXM) last issued its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm had revenue of $213 million during the quarter, compared to analysts’ expectations of $217.32 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts predict that Acxiom Corporation will post $0.80 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research lowered shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a report on Sunday, July 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.20.
In related news, Director Clark M. Kokich sold 3,855 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the sale, the director now directly owns 80,506 shares in the company, valued at $2,080,275.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.54% of the stock is currently owned by insiders.
Acxiom Corporation Company Profile
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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