OppenheimerFunds Inc. acquired a new stake in shares of Acxiom Corporation (NASDAQ:ACXM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,108 shares of the information technology services provider’s stock, valued at approximately $260,000.
Several other institutional investors have also recently bought and sold shares of ACXM. Guggenheim Capital LLC boosted its position in 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 in the last quarter. Thrivent Financial for Lutherans boosted its position in Acxiom Corporation by 9.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,230 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 1,140 shares in the last quarter. Norges Bank purchased a new position in Acxiom Corporation during the fourth quarter valued at about $14,084,000. Teachers Advisors LLC boosted 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. Finally, Peregrine Capital Management LLC boosted its position in Acxiom Corporation by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,281,457 shares of the information technology services provider’s stock valued at $35,714,000 after buying an additional 87,432 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Shares of Acxiom Corporation (NASDAQ ACXM) traded down 1.34% during midday trading on Friday, reaching $22.10. 526,574 shares of the company traded hands. Acxiom Corporation has a 1-year low of $22.03 and a 1-year high of $30.40. The stock’s market capitalization is $1.76 billion. The stock’s 50-day moving average is $25.45 and its 200-day moving average is $27.11.
Acxiom Corporation (NASDAQ:ACXM) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The company had revenue of $213 million during the quarter, compared to the consensus estimate of $217.32 million. During the same quarter last year, the company earned $0.15 earnings per share. Acxiom Corporation’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Acxiom Corporation will post $0.80 EPS for the current fiscal year.
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Several equities analysts recently issued reports on ACXM shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of Acxiom Corporation in a research note on Wednesday, May 17th. Zacks Investment Research cut shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a research note on Sunday, July 16th. BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Dougherty & Co reiterated a “buy” rating on shares of Acxiom Corporation in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.20.
In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total value of $99,613.20. Following the completion of the sale, the director now owns 80,506 shares of the company’s stock, valued at $2,080,275.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.54% of the stock is currently owned by company 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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