Texas Permanent School Fund lessened its stake in shares of Acxiom Co. (NASDAQ:ACXM) by 7.9% in the 4th quarter, HoldingsChannel reports. The fund owned 53,548 shares of the information technology services provider’s stock after selling 4,596 shares during the period. Texas Permanent School Fund’s holdings in Acxiom were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Acxiom by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock worth $166,050,000 after acquiring an additional 107,930 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Acxiom by 165.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock worth $131,407,000 after acquiring an additional 3,327,468 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Acxiom by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,054,068 shares of the information technology services provider’s stock worth $75,253,000 after acquiring an additional 80,406 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Acxiom by 28.4% during the 3rd quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after acquiring an additional 632,649 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Acxiom by 3.9% during the 2nd quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock worth $65,876,000 after acquiring an additional 94,650 shares in the last quarter. Institutional investors own 99.26% of the company’s stock.

Several analysts have recently issued reports on the company. BidaskClub upgraded Acxiom from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet upgraded Acxiom from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. Stephens reiterated a “buy” rating and set a $31.00 price target on shares of Acxiom in a research note on Wednesday. BMO Capital Markets upped their price target on Acxiom from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Acxiom currently has an average rating of “Buy” and an average price target of $33.00.

Shares of Acxiom Co. (NASDAQ:ACXM) opened at $26.78 on Friday. Acxiom Co. has a 52 week low of $21.80 and a 52 week high of $29.75. The firm has a market capitalization of $2,118.32, a P/E ratio of 107.12, a P/E/G ratio of 9.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.23 and a current ratio of 2.21.

Acxiom (NASDAQ:ACXM) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The firm had revenue of $234.87 million during the quarter, compared to the consensus estimate of $237.36 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities analysts forecast that Acxiom Co. will post 0.29 earnings per share 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.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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