Blair William & Co. IL Lowers Stake in Acxiom Co. (ACXM)

Blair William & Co. IL reduced its position in shares of Acxiom Co. (NASDAQ:ACXM) by 9.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 179,865 shares of the information technology services provider’s stock after selling 18,043 shares during the quarter. Blair William & Co. IL’s holdings in Acxiom were worth $8,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACXM. Acadian Asset Management LLC bought a new stake in shares of Acxiom in the second quarter valued at about $179,000. Wells Fargo & Company MN lifted its stake in shares of Acxiom by 42.4% in the second quarter. Wells Fargo & Company MN now owns 403,792 shares of the information technology services provider’s stock valued at $12,093,000 after buying an additional 120,142 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Acxiom in the second quarter valued at about $623,000. Sei Investments Co. lifted its stake in shares of Acxiom by 1,049.3% in the second quarter. Sei Investments Co. now owns 282,757 shares of the information technology services provider’s stock valued at $8,468,000 after buying an additional 258,155 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Acxiom by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 7,176,668 shares of the information technology services provider’s stock valued at $214,940,000 after buying an additional 254,869 shares during the period. Hedge funds and other institutional investors own 94.47% of the company’s stock.

NASDAQ:ACXM opened at $48.48 on Friday. Acxiom Co. has a 12-month low of $18.60 and a 12-month high of $51.51.

Several equities research analysts recently weighed in on ACXM shares. BMO Capital Markets increased their target price on shares of Acxiom from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Stephens reissued a “buy” rating and issued a $47.00 price target on shares of Acxiom in a research report on Sunday, August 12th. Finally, Wells Fargo & Co increased their price target on shares of Acxiom from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $45.00.

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Acxiom Profile

Acxiom Corporation operates a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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