Louisiana State Employees Retirement System boosted its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 20,500 shares of the information technology services provider’s stock after buying an additional 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Acxiom Corporation were worth $533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACXM. BlackRock Inc. increased its stake in Acxiom Corporation by 19,342.4% in the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock valued at $229,535,000 after buying an additional 8,020,907 shares during the last quarter. Vanguard Group Inc. increased its stake in Acxiom Corporation by 6.3% in the first quarter. Vanguard Group Inc. now owns 6,283,499 shares of the information technology services provider’s stock valued at $178,892,000 after buying an additional 372,982 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Acxiom Corporation by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,876,962 shares of the information technology services provider’s stock valued at $81,906,000 after buying an additional 26,390 shares during the last quarter. State Street Corp increased its stake in Acxiom Corporation by 2.5% in the first quarter. State Street Corp now owns 2,440,925 shares of the information technology services provider’s stock valued at $69,491,000 after buying an additional 59,324 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Acxiom Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,986,578 shares of the information technology services provider’s stock valued at $56,558,000 after buying an additional 39,493 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

Acxiom Corporation (NASDAQ ACXM) traded down 1.60% during trading on Thursday, reaching $22.71. The company’s stock had a trading volume of 293,633 shares. The stock’s market capitalization is $1.81 billion. Acxiom Corporation has a 1-year low of $22.64 and a 1-year high of $30.40. The stock has a 50 day moving average price of $26.13 and a 200 day moving average price of $27.30.

Acxiom Corporation (NASDAQ:ACXM) last posted its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm had revenue of $213 million for the quarter, compared to analyst estimates of $217.32 million. During the same quarter in the prior year, the company earned $0.15 EPS. Acxiom Corporation’s revenue was down .8% on a year-over-year basis. Analysts anticipate that Acxiom Corporation will post $0.80 earnings per share for the current fiscal year.

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ACXM has been the subject of several recent research reports. Zacks Investment Research upgraded Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub downgraded Acxiom Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $32.00 price objective on shares of Acxiom Corporation in a report on Monday, April 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of Acxiom Corporation in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently 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 stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total value of $99,613.20. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 3.54% of the stock is owned by company insiders.

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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