Morgan Stanley lessened its holdings in shares of Acxiom Co. (NASDAQ:ACXM) by 10.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,271,415 shares of the information technology services provider’s stock after selling 267,246 shares during the period. Morgan Stanley’s holdings in Acxiom were worth $68,029,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACXM. Vista Equity Partners Management LLC acquired a new position in shares of Acxiom during the 1st quarter worth approximately $12,212,000. Earnest Partners LLC grew its position in shares of Acxiom by 75.6% during the 1st quarter. Earnest Partners LLC now owns 832,524 shares of the information technology services provider’s stock worth $18,907,000 after purchasing an additional 358,297 shares in the last quarter. BlackRock Inc. grew its position in shares of Acxiom by 3.5% during the 2nd quarter. BlackRock Inc. now owns 8,648,550 shares of the information technology services provider’s stock worth $259,023,000 after purchasing an additional 293,817 shares in the last quarter. Sei Investments Co. grew its position in shares of Acxiom by 1,049.3% during the 2nd quarter. Sei Investments Co. now owns 282,757 shares of the information technology services provider’s stock worth $8,468,000 after purchasing an additional 258,155 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Acxiom by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,176,668 shares of the information technology services provider’s stock worth $214,940,000 after purchasing an additional 254,869 shares in the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Acxiom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. BMO Capital Markets reiterated a “buy” rating and set a $46.00 price target on shares of Acxiom in a research report on Friday, July 13th. Wells Fargo & Co reiterated a “buy” rating and set a $41.00 price target on shares of Acxiom in a research report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Finally, BidaskClub lowered shares of Acxiom from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.00.

NASDAQ ACXM opened at $50.73 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.95 billion, a P/E ratio of 137.97, a PEG ratio of 30.03 and a beta of 1.42. Acxiom Co. has a 1 year low of $18.60 and a 1 year high of $51.51.

Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Thursday, August 9th. The information technology services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The business had revenue of $227.00 million for the quarter, compared to analyst estimates of $220.26 million. Acxiom had a net margin of 2.34% and a return on equity of 3.93%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. equities analysts expect that Acxiom Co. will post 0.17 EPS for the current year.

In related news, insider James F. Arra sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $43.52, for a total value of $217,600.00. Following the completion of the transaction, the insider now owns 210,970 shares of the company’s stock, valued at approximately $9,181,414.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Warren Jenson sold 72,783 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $43.10, for a total transaction of $3,136,947.30. Following the completion of the transaction, the chief financial officer now directly owns 234,612 shares of the company’s stock, valued at approximately $10,111,777.20. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

About Acxiom

Acxiom Corporation operates 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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