1st Global Advisors Inc. Has $273,000 Stake in Acxiom Corporation (ACXM)
1st Global Advisors Inc. decreased its holdings in shares of Acxiom Corporation (NASDAQ:ACXM) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,514 shares of the information technology services provider’s stock after selling 57 shares during the quarter. 1st Global Advisors Inc.’s holdings in Acxiom Corporation were worth $273,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ACXM. ETF Managers Group LLC acquired a new stake in shares of Acxiom Corporation during the second quarter worth $119,000. Riverhead Capital Management LLC boosted its holdings in shares of Acxiom Corporation by 73.9% during the second 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 during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Acxiom Corporation by 20.5% during the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after purchasing an additional 1,050 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Acxiom Corporation during the second quarter worth $213,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Acxiom Corporation by 384.9% during the second 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 during the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.
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Several research firms have recently issued reports on ACXM. Zacks Investment Research upgraded Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 target price on shares of Acxiom Corporation in a report on Friday, September 22nd. BidaskClub upgraded Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a report on Sunday, July 16th. Finally, Dougherty & Co reiterated a “buy” rating on shares of Acxiom Corporation in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.75.
Acxiom Corporation (ACXM) opened at 25.09 on Friday. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40. The firm’s market cap is $1.99 billion. The company has a 50-day moving average price of $24.29 and a 200-day moving average price of $25.77.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $217.32 million. During the same period in the prior year, the business posted $0.15 earnings per share. Acxiom Corporation’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts predict that Acxiom Corporation will post $0.80 earnings per share for the current fiscal year.
In other Acxiom Corporation news, CFO Warren Jenson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $22.09 per share, for a total transaction of $220,900.00. Following the completion of the acquisition, the chief financial officer now owns 377,415 shares of the company’s stock, valued at approximately $8,337,097.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.54% of the company’s stock.
About Acxiom Corporation
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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