Acxiom Corporation (ACXM) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its stake in Acxiom Corporation (NASDAQ:ACXM) by 33.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,732 shares of the information technology services provider’s stock after buying an additional 56,373 shares during the period. Sei Investments Co.’s holdings in Acxiom Corporation were worth $5,891,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ACXM. Meadow Creek Investment Management LLC raised its stake in Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock valued at $124,000 after buying an additional 28 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock valued at $151,000 after buying an additional 34 shares during the last quarter. LS Investment Advisors LLC raised its stake in Acxiom Corporation by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock valued at $160,000 after buying an additional 1,050 shares during the last quarter. potrero capital research llc acquired a new stake in Acxiom Corporation during the first quarter valued at approximately $188,000. Finally, OppenheimerFunds Inc. acquired a new stake in Acxiom Corporation during the first quarter valued at approximately $260,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Acxiom Corporation (NASDAQ:ACXM) opened at 22.98 on Wednesday. Acxiom Corporation has a 1-year low of $22.64 and a 1-year high of $30.40. The company’s market cap is $1.83 billion. The company’s 50-day moving average is $25.77 and its 200 day moving average is $27.21.
Acxiom Corporation (NASDAQ:ACXM) last posted 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. The business had revenue of $213 million for the quarter, compared to the consensus estimate of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Equities analysts anticipate that Acxiom Corporation will post $0.80 EPS for the current year.
Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective (up previously from $33.00) on shares of Acxiom Corporation in a research note on Wednesday, May 17th. Finally, BMO Capital Markets reissued a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.20.
In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total transaction of $99,613.20. Following the transaction, the director now owns 80,506 shares of the company’s stock, valued at approximately $2,080,275.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.54% of the company’s stock.
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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