Acxiom Corporation (ACXM) Holdings Cut by Clarius Group LLC
Clarius Group LLC lowered its holdings in shares of Acxiom Corporation (NASDAQ:ACXM) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,506 shares of the information technology services provider’s stock after selling 1,795 shares during the quarter. Acxiom Corporation makes up 0.9% of Clarius Group LLC’s holdings, making the stock its 21st largest position. Clarius Group LLC owned about 0.10% of Acxiom Corporation worth $2,092,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. OppenheimerFunds Inc. purchased a new position in Acxiom Corporation during the first quarter worth approximately $260,000. Renaissance Technologies LLC boosted its position in Acxiom Corporation by 19.4% during the first quarter. Renaissance Technologies LLC now owns 140,245 shares of the information technology services provider’s stock worth $3,993,000 after purchasing an additional 22,745 shares in the last quarter. BlackRock Inc. boosted its position in Acxiom Corporation by 19,342.4% during the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock worth $229,535,000 after purchasing an additional 8,020,907 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Acxiom Corporation by 414.3% during the second quarter. BNP Paribas Arbitrage SA now owns 88,497 shares of the information technology services provider’s stock worth $2,299,000 after purchasing an additional 71,291 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Acxiom Corporation by 0.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 124,371 shares of the information technology services provider’s stock worth $3,541,000 after purchasing an additional 353 shares in the last quarter. Institutional investors own 94.61% of the company’s stock.
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In other news, CFO Warren Jenson purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $22.09 per share, for a total transaction of $220,900.00. Following the acquisition, the chief financial officer now directly owns 377,415 shares in the company, valued at approximately $8,337,097.35. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.54% of the company’s stock.
Acxiom Corporation (ACXM) traded up 1.21% during trading on Friday, hitting $24.22. The stock had a trading volume of 68,509 shares. The stock’s 50 day moving average price is $23.51 and its 200 day moving average price is $26.27. Acxiom Corporation has a 12-month low of $21.80 and a 12-month high of $30.40. The firm’s market cap is $1.93 billion.
Acxiom Corporation (NASDAQ:ACXM) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $213.00 million for 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 company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, analysts anticipate that Acxiom Corporation will post $0.80 EPS for the current fiscal year.
A number of equities analysts have issued reports on ACXM shares. BidaskClub upgraded Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. Cantor Fitzgerald reiterated a “buy” rating and set a $33.00 price target on shares of Acxiom Corporation in a research report on Friday. Zacks Investment Research upgraded Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.80.
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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