Sumitomo Mitsui Asset Management Company LTD boosted its position in Acxiom Corporation (NASDAQ:ACXM) by 32.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,169,345 shares of the information technology services provider’s stock after purchasing an additional 288,010 shares during the period. Sumitomo Mitsui Asset Management Company LTD owned about 1.47% of Acxiom Corporation worth $28,812,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ACXM. BlackRock Inc. grew its position in shares of Acxiom Corporation by 0.3% during the 2nd quarter. BlackRock Inc. now owns 8,084,968 shares of the information technology services provider’s stock valued at $210,046,000 after acquiring an additional 22,593 shares during the period. Vanguard Group Inc. lifted its stake in shares of Acxiom Corporation by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock valued at $166,050,000 after buying an additional 107,930 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Acxiom Corporation by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,973,662 shares of the information technology services provider’s stock valued at $77,256,000 after buying an additional 96,700 shares in the last quarter. State Street Corp lifted its stake in Acxiom Corporation by 3.9% in the 2nd quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock worth $65,876,000 after purchasing an additional 94,650 shares in the last quarter. Finally, Evercore Trust Company N.A. lifted its stake in Acxiom Corporation by 1.2% in the 2nd quarter. Evercore Trust Company N.A. now owns 2,371,401 shares of the information technology services provider’s stock worth $61,609,000 after purchasing an additional 27,168 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.
Acxiom Corporation (ACXM) opened at $26.22 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30. Acxiom Corporation has a twelve month low of $21.80 and a twelve month high of $30.40. The company has a market cap of $2,090.00, a price-to-earnings ratio of 110.08, a P/E/G ratio of 5.03 and a beta of 1.28.
Acxiom Corporation (NASDAQ:ACXM) last announced its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. Acxiom Corporation had a negative net margin of 1.31% and a positive return on equity of 2.61%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. research analysts forecast that Acxiom Corporation will post 0.35 earnings per share for the current year.
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In related news, CFO Warren Jenson bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $22.09 per share, with a total value of $220,900.00. Following the purchase, the chief financial officer now owns 377,415 shares of the company’s stock, valued at approximately $8,337,097.35. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 3.54% of the stock is owned by company insiders.
Several research firms have issued reports on ACXM. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Cantor Fitzgerald restated a “buy” rating and set a $33.00 price objective on shares of Acxiom Corporation in a research report on Friday, September 22nd. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.60.
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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