Profund Advisors LLC Has $300,000 Position in Acxiom Corporation (ACXM)
Profund Advisors LLC lowered its holdings in Acxiom Corporation (NASDAQ:ACXM) by 26.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,539 shares of the information technology services provider’s stock after selling 4,062 shares during the period. Profund Advisors LLC’s holdings in Acxiom Corporation were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Laurion Capital Management LP bought a new position in Acxiom Corporation in the second quarter valued at $1,651,000. Amalgamated Bank grew its position in Acxiom Corporation by 3.7% in the second quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 397 shares in the last quarter. BlackRock Inc. grew its position in Acxiom Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 8,084,968 shares of the information technology services provider’s stock valued at $210,046,000 after purchasing an additional 22,593 shares in the last quarter. Nationwide Fund Advisors grew its position in Acxiom Corporation by 0.9% in the second quarter. Nationwide Fund Advisors now owns 467,058 shares of the information technology services provider’s stock valued at $12,134,000 after purchasing an additional 4,240 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Acxiom Corporation by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 220,235 shares of the information technology services provider’s stock valued at $5,722,000 after purchasing an additional 9,152 shares in the last quarter. 94.41% of the stock is owned by institutional investors and hedge funds.
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A number of research analysts recently weighed in on ACXM shares. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. BidaskClub downgraded shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of Acxiom Corporation in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Acxiom Corporation in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Acxiom Corporation has an average rating of “Hold” and a consensus price target of $32.75.
In related news, CFO Warren Jenson purchased 10,000 shares of Acxiom Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $22.09 per share, for a total transaction of $220,900.00. Following the completion of the transaction, the chief financial officer now owns 377,415 shares in the company, valued at $8,337,097.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.54% of the stock is currently owned by corporate insiders.
Shares of Acxiom Corporation (ACXM) opened at 24.75 on Monday. The firm’s market cap is $1.97 billion. The stock’s 50 day moving average is $23.68 and its 200-day moving average is $25.96. Acxiom Corporation has a 1-year low of $21.80 and a 1-year high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $213.00 million during the quarter, compared to analyst estimates of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Analysts expect that Acxiom Corporation will post $0.80 earnings per share for the current year.
Acxiom Corporation Profile
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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