Neuberger Berman Group LLC lifted its holdings in shares of Acxiom Co. (NASDAQ:ACXM) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,680,199 shares of the information technology services provider’s stock after purchasing an additional 156,238 shares during the quarter. Neuberger Berman Group LLC owned approximately 2.12% of Acxiom worth $41,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Acxiom by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock worth $298,000 after purchasing an additional 55 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Acxiom by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 16,303 shares of the information technology services provider’s stock worth $423,000 after purchasing an additional 254 shares during the last quarter. Amalgamated Bank increased its stake in shares of Acxiom by 3.7% during the 2nd quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 397 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Acxiom by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 101,209 shares of the information technology services provider’s stock worth $2,629,000 after purchasing an additional 427 shares during the last quarter. Finally, Global Endowment Management LP increased its stake in shares of Acxiom by 2.8% during the 2nd quarter. Global Endowment Management LP now owns 18,460 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 98.01% of the company’s stock.

Shares of Acxiom Co. (NASDAQ ACXM) opened at $27.39 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $2,189.52, a price-to-earnings ratio of 115.17, a P/E/G ratio of 5.34 and a beta of 1.30. Acxiom Co. has a 1-year low of $21.80 and a 1-year high of $30.40.

Acxiom (NASDAQ:ACXM) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The business had revenue of $225.24 million during the quarter, compared to the consensus estimate of $222.05 million. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. Acxiom’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. analysts anticipate that Acxiom Co. will post 0.35 earnings per share for the current year.

Several analysts recently issued reports on ACXM shares. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price objective on shares of Acxiom in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, November 6th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price objective on shares of Acxiom in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.33.

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About Acxiom

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.

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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