Amundi Pioneer Asset Management Inc. purchased a new stake in Acxiom Co. (NASDAQ:ACXM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 141,700 shares of the information technology services provider’s stock, valued at approximately $3,905,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cipher Capital LP acquired a new position in Acxiom in the third quarter valued at approximately $262,000. American Century Companies Inc. acquired a new position in Acxiom in the fourth quarter valued at approximately $304,000. ING Groep NV lifted its stake in Acxiom by 22.5% in the fourth quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after buying an additional 2,199 shares during the period. Quantbot Technologies LP lifted its stake in Acxiom by 94.3% in the third quarter. Quantbot Technologies LP now owns 17,147 shares of the information technology services provider’s stock valued at $422,000 after buying an additional 8,322 shares during the period. Finally, New Mexico Educational Retirement Board acquired a new position in Acxiom in the fourth quarter valued at approximately $543,000. 98.81% of the stock is currently owned by hedge funds and other institutional investors.

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Acxiom Co. (ACXM) opened at $30.98 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom Co. has a 12-month low of $21.80 and a 12-month high of $32.93. The firm has a market capitalization of $2,536.52, a P/E ratio of 258.17, a PEG ratio of 11.04 and a beta of 1.19.

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

Several brokerages have issued reports on ACXM. BidaskClub raised Acxiom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets boosted their price target on Acxiom from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. William Blair reissued a “buy” rating on shares of Acxiom in a research note on Thursday, March 8th. Stephens upped their target price on Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. They noted that the move was a valuation call. Finally, TheStreet raised Acxiom from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.75.

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Acxiom Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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