Acxiom Corporation (ACXM) Position Cut by IBIS Capital Partners LLP

IBIS Capital Partners LLP lessened its position in shares of Acxiom Corporation (NASDAQ:ACXM) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 274,617 shares of the information technology services provider’s stock after selling 12,399 shares during the quarter. Acxiom comprises 6.5% of IBIS Capital Partners LLP’s investment portfolio, making the stock its 8th biggest holding. IBIS Capital Partners LLP owned about 0.35% of Acxiom worth $6,767,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Acxiom by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock valued at $298,000 after purchasing an additional 55 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Acxiom by 1.6% in the 2nd quarter. Suntrust Banks Inc. now owns 16,303 shares of the information technology services provider’s stock valued at $423,000 after purchasing an additional 254 shares during the last quarter. Amalgamated Bank grew its stake in shares of Acxiom by 3.7% in the 2nd quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 397 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Acxiom by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 101,209 shares of the information technology services provider’s stock valued at $2,629,000 after purchasing an additional 427 shares during the last quarter. Finally, Global Endowment Management LP grew its stake in shares of Acxiom by 2.8% in the 2nd quarter. Global Endowment Management LP now owns 18,460 shares of the information technology services provider’s stock valued at $480,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Shares of Acxiom Corporation (NASDAQ:ACXM) opened at $27.37 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. Acxiom Corporation has a 12 month low of $21.80 and a 12 month high of $30.40. The firm has a market capitalization of $2,168.92, a P/E ratio of 114.08, a P/E/G ratio of 5.22 and a beta of 1.30.

Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The firm had revenue of $225.24 million for the quarter, compared to the consensus estimate of $222.05 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts anticipate that Acxiom Corporation will post 0.35 EPS for the current year.

ACXM has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 target price on shares of Acxiom in a research note on Thursday, November 2nd. Dougherty & Co restated a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. BidaskClub downgraded Acxiom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Acxiom from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and issued a $32.00 price target on shares of Acxiom in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Acxiom has a consensus rating of “Buy” and an average target price of $32.33.

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About Acxiom

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.

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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