Legal & General Group Plc increased its position in Acxiom Corporation (NASDAQ:ACXM) by 32.0% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock worth $124,000 after buying an additional 28 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock worth $151,000 after buying an additional 34 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in Acxiom Corporation during the first quarter worth $260,000. Advantus Capital Management Inc raised its position 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 last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Acxiom Corporation during the first quarter worth approximately $285,000. 96.42% of the stock is owned by institutional investors and hedge funds.
Acxiom Corporation (ACXM) traded down 1.34% on Friday, reaching $22.10. The company’s stock had a trading volume of 526,574 shares. The stock’s 50 day moving average price is $25.45 and its 200 day moving average price is $27.11. Acxiom Corporation has a 12 month low of $22.03 and a 12 month high of $30.40. The company’s market cap is $1.76 billion.
Acxiom Corporation (NASDAQ:ACXM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business had revenue of $213 million during the quarter, compared to analysts’ expectations of $217.32 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was down .8% on a year-over-year basis. Equities research analysts forecast that Acxiom Corporation will post $0.80 earnings per share for the current year.
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A number of research analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of Acxiom Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.20.
In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of Acxiom Corporation stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total value of $99,613.20. Following the completion of the transaction, the director now directly owns 80,506 shares of the company’s stock, valued at approximately $2,080,275.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.54% of the company’s stock.
About Acxiom Corporation
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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