State Street Corp Buys 94,650 Shares of Acxiom Corporation (ACXM)

State Street Corp grew its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,535,575 shares of the information technology services provider’s stock after buying an additional 94,650 shares during the period. State Street Corp owned 3.19% of Acxiom Corporation worth $65,876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACXM. BlackRock Inc. increased its position in Acxiom Corporation by 19,342.4% during the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock worth $229,535,000 after buying an additional 8,020,907 shares in the last quarter. Marshall Wace North America L.P. increased its position in Acxiom Corporation by 424.8% during the second quarter. Marshall Wace North America L.P. now owns 701,173 shares of the information technology services provider’s stock worth $18,230,000 after buying an additional 567,559 shares in the last quarter. Vanguard Group Inc. increased its position in Acxiom Corporation 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 buying an additional 372,982 shares in the last quarter. Rice Hall James & Associates LLC increased its position in Acxiom Corporation by 40.6% during the second quarter. Rice Hall James & Associates LLC now owns 1,018,357 shares of the information technology services provider’s stock worth $26,457,000 after buying an additional 293,963 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Acxiom Corporation by 18.8% during the second quarter. Neuberger Berman Group LLC now owns 1,523,961 shares of the information technology services provider’s stock worth $39,593,000 after buying an additional 240,681 shares in the last quarter. 95.42% of the stock is owned by institutional investors.

ACXM has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. Zacks Investment Research raised Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Acxiom Corporation in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.75.

In other news, CFO Warren Jenson bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought 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 in the company, valued at $8,337,097.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.54% of the stock is owned by insiders.

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Shares of Acxiom Corporation (NASDAQ:ACXM) opened at 24.95 on Tuesday. Acxiom Corporation has a 12 month low of $21.80 and a 12 month high of $30.40. The stock has a 50 day moving average price of $24.58 and a 200-day moving average price of $25.60. The stock’s market cap is $1.98 billion.

Acxiom Corporation (NASDAQ:ACXM) last announced its 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 company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $217.32 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, analysts forecast that Acxiom Corporation will post $0.80 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Acxiom Corporation (NASDAQ:ACXM)

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