SG Americas Securities LLC Sells 17,036 Shares of Acxiom Co. (ACXM)

SG Americas Securities LLC reduced its position in Acxiom Co. (NASDAQ:ACXM) by 59.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,742 shares of the information technology services provider’s stock after selling 17,036 shares during the quarter. SG Americas Securities LLC’s holdings in Acxiom were worth $289,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ETF Managers Group LLC purchased a new stake in shares of Acxiom during the 2nd quarter worth $119,000. Riverhead Capital Management LLC boosted its position in shares of Acxiom by 73.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 1,994 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Acxiom during the 2nd quarter worth $213,000. Quantbot Technologies LP boosted its position in shares of Acxiom by 384.9% during the 2nd quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock worth $229,000 after purchasing an additional 7,005 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Acxiom by 3.7% during the 2nd quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 397 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

Shares of Acxiom Co. (NASDAQ:ACXM) opened at $27.57 on Monday. Acxiom Co. has a 1 year low of $21.80 and a 1 year high of $30.40. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The company has a market cap of $2,183.99, a PE ratio of 114.88, a P/E/G ratio of 5.30 and a beta of 1.30.

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

Several brokerages have commented on ACXM. Zacks Investment Research lowered shares of Acxiom from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price objective on shares of Acxiom in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Acxiom currently has an average rating of “Hold” and an average price target 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.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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