Dimensional Fund Advisors LP Buys 80,406 Shares of Acxiom Co. (ACXM)

Dimensional Fund Advisors LP increased its stake in Acxiom Co. (NASDAQ:ACXM) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,054,068 shares of the information technology services provider’s stock after purchasing an additional 80,406 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.86% of Acxiom worth $75,253,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Acxiom by 0.5% during the second 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 acquiring an additional 55 shares during the period. Suntrust Banks Inc. raised its holdings in Acxiom by 1.6% during the second quarter. Suntrust Banks Inc. now owns 16,303 shares of the information technology services provider’s stock valued at $423,000 after acquiring an additional 254 shares during the period. Amalgamated Bank raised its holdings in Acxiom by 3.7% during the second quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 397 shares during the period. Global Endowment Management LP raised its holdings in Acxiom by 2.8% during the second quarter. Global Endowment Management LP now owns 18,460 shares of the information technology services provider’s stock valued at $480,000 after acquiring an additional 500 shares during the period. Finally, Arizona State Retirement System raised its holdings in Acxiom by 1.8% during the second quarter. Arizona State Retirement System now owns 33,100 shares of the information technology services provider’s stock valued at $860,000 after acquiring an additional 600 shares during the period. 98.01% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on ACXM. Zacks Investment Research upgraded Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, November 6th. BMO Capital Markets restated a “buy” rating and set a $32.00 price objective on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $33.00 price objective on shares of Acxiom in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Acxiom has a consensus rating of “Hold” and a consensus price target of $32.33.

Acxiom Co. (ACXM) opened at $27.55 on Tuesday. The firm has a market capitalization of $2,180.00, a PE ratio of -183.67, a PEG ratio of 5.31 and a beta of 1.30. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30. Acxiom Co. has a 12-month low of $21.80 and a 12-month high of $30.40.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data 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. The firm had revenue of $225.24 million during the quarter, compared to analyst estimates of $222.05 million. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. sell-side analysts forecast that Acxiom Co. will post 0.35 EPS for the current year.

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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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