Renaissance Technologies LLC increased its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 19.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 140,245 shares of the information technology services provider’s stock after buying an additional 22,745 shares during the period. Renaissance Technologies LLC’s holdings in Acxiom Corporation were worth $3,993,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Guggenheim Capital LLC raised its stake in shares of Acxiom Corporation by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 13,342 shares of the information technology services provider’s stock valued at $357,000 after buying an additional 630 shares during the last quarter. Norges Bank acquired a new stake in shares of Acxiom Corporation during the fourth quarter valued at about $14,084,000. Teachers Advisors LLC raised its position in Acxiom Corporation by 279.6% in the fourth quarter. Teachers Advisors LLC now owns 471,654 shares of the information technology services provider’s stock valued at $12,640,000 after buying an additional 347,390 shares in the last quarter. Bank of Montreal Can raised its position in Acxiom Corporation by 2.7% in the first quarter. Bank of Montreal Can now owns 12,708 shares of the information technology services provider’s stock valued at $361,000 after buying an additional 329 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its position in Acxiom Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the information technology services provider’s stock valued at $776,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Acxiom Corporation (NASDAQ:ACXM) opened at 22.10 on Friday. The company’s 50-day moving average is $25.45 and its 200 day moving average is $27.11. Acxiom Corporation has a 52 week low of $22.03 and a 52 week high of $30.40. The company’s market capitalization is $1.76 billion.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $213 million during the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, analysts forecast that Acxiom Corporation will post $0.80 EPS for the current fiscal year.
Several brokerages recently commented on ACXM. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a report on Thursday. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub downgraded shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Acxiom Corporation in a report on Wednesday, May 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.20.
In related news, Director Clark M. Kokich sold 3,855 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the sale, the director now directly owns 80,506 shares in the company, valued at $2,080,275.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.54% of the stock is owned by insiders.
Acxiom Corporation Company Profile
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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