Texas Permanent School Fund raised its stake in Acxiom Corporation (NASDAQ:ACXM) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 57,319 shares of the information technology services provider’s stock after buying an additional 801 shares during the period. Texas Permanent School Fund’s holdings in Acxiom Corporation were worth $1,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACXM. State Treasurer State of Michigan increased its position in shares of Acxiom Corporation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 31,700 shares of the information technology services provider’s stock valued at $902,000 after buying an additional 500 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Acxiom Corporation by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 46,369 shares of the information technology services provider’s stock valued at $1,320,000 after buying an additional 2,907 shares during the last quarter. Pembroke Management LTD increased its position in shares of Acxiom Corporation by 44.9% in the first quarter. Pembroke Management LTD now owns 402,300 shares of the information technology services provider’s stock valued at $11,453,000 after buying an additional 124,600 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Acxiom Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,856 shares of the information technology services provider’s stock valued at $765,000 after buying an additional 400 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Acxiom Corporation by 51.5% in the first quarter. Russell Investments Group Ltd. now owns 336,007 shares of the information technology services provider’s stock valued at $9,566,000 after buying an additional 114,279 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Acxiom Corporation (ACXM) opened at 22.98 on Wednesday. The firm’s 50-day moving average price is $25.77 and its 200 day moving average price is $27.21. Acxiom Corporation has a 12-month low of $22.64 and a 12-month high of $30.40. The firm’s market cap is $1.83 billion.

Acxiom Corporation (NASDAQ:ACXM) last posted its 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 firm had revenue of $213 million for the quarter, compared to analysts’ expectations 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 was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Analysts forecast that Acxiom Corporation will post $0.80 earnings per share for the current fiscal year.

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Several brokerages have recently commented on ACXM. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of Acxiom Corporation in a report on Wednesday, May 17th. Zacks Investment Research raised Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Acxiom Corporation presently has a consensus rating of “Hold” and an average target price of $33.20.

In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total transaction of $99,613.20. Following 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 legal filing with the SEC, which is accessible through this link. 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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Institutional Ownership by Quarter for Acxiom Corporation (NASDAQ:ACXM)

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