Amalgamated Bank grew its stake in Acxiom Corporation (NASDAQ:ACXM) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,177 shares of the information technology services provider’s stock after buying an additional 397 shares during the quarter. Amalgamated Bank’s holdings in Acxiom Corporation were worth $290,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. acquired a new position in shares of Acxiom Corporation in the first quarter valued at approximately $260,000. Renaissance Technologies LLC boosted its holdings in shares of Acxiom Corporation by 19.4% in the first quarter. Renaissance Technologies LLC now owns 140,245 shares of the information technology services provider’s stock valued at $3,993,000 after buying an additional 22,745 shares during the period. BlackRock Inc. boosted its holdings in shares of Acxiom Corporation by 19,342.4% in the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock valued at $229,535,000 after buying an additional 8,020,907 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Acxiom Corporation by 414.3% in the second quarter. BNP Paribas Arbitrage SA now owns 88,497 shares of the information technology services provider’s stock valued at $2,299,000 after buying an additional 71,291 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Acxiom Corporation by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 124,371 shares of the information technology services provider’s stock valued at $3,541,000 after buying an additional 353 shares during the period. Institutional investors own 94.41% of the company’s stock.
Acxiom Corporation (ACXM) opened at 24.69 on Thursday. The company’s 50-day moving average is $23.91 and its 200 day moving average is $25.88. The firm’s market cap is $1.96 billion. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 $213.00 million during the quarter, compared to the consensus estimate of $217.32 million. During the same quarter last year, the firm posted $0.15 EPS. Acxiom Corporation’s revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that Acxiom Corporation will post $0.80 earnings per share for the current year.
Several research analysts have recently weighed in on ACXM shares. Dougherty & Co reiterated a “buy” rating on shares of Acxiom Corporation in a report on Thursday, August 17th. Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 price target on shares of Acxiom Corporation in a report on Friday, September 22nd. BidaskClub cut shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Acxiom Corporation in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Acxiom Corporation currently has a consensus rating of “Hold” and an average price target of $32.75.
In other Acxiom Corporation news, CFO Warren Jenson purchased 10,000 shares of Acxiom Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $22.09 per share, with a total value of $220,900.00. Following the transaction, the chief financial officer now owns 377,415 shares in the company, valued at approximately $8,337,097.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.54% of the company’s stock.
Acxiom Corporation 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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