Acxiom Corp. (ACXM) Sees Strong Trading Volume
Acxiom Corp. (NASDAQ:ACXM) saw unusually-high trading volume on Wednesday . Approximately 963,082 shares were traded during trading, an increase of 147% from the previous session’s volume of 389,265 shares.The stock last traded at $23.11 and had previously closed at $22.74.
ACXM has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Acxiom Corp. from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Dougherty & Co began coverage on shares of Acxiom Corp. in a report on Tuesday, May 24th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, William Blair began coverage on shares of Acxiom Corp. in a report on Tuesday, May 31st. They issued an “outperform” rating for the company.
The company has a 50-day moving average of $21.96 and a 200-day moving average of $20.98. The firm has a market capitalization of $1.79 billion and a P/E ratio of 268.72.
Acxiom Corp. (NASDAQ:ACXM) last issued its earnings results on Tuesday, May 17th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm earned $225 million during the quarter, compared to the consensus estimate of $213.90 million. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, analysts predict that Acxiom Corp. will post $0.55 earnings per share for the current year.
In other news, insider S. Travis May sold 27,576 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $21.26, for a total value of $586,265.76. Following the transaction, the insider now owns 276,112 shares in the company, valued at $5,870,141.12. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several hedge funds and institutional investors have recently modified their holdings of ACXM. Liberty Mutual Group Asset Management Inc. increased its position in shares of Acxiom Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 50,246 shares of the company’s stock valued at $1,051,000 after buying an additional 17,043 shares in the last quarter. Comerica Bank increased its position in shares of Acxiom Corp. by 0.7% in the fourth quarter. Comerica Bank now owns 54,433 shares of the company’s stock valued at $1,028,000 after buying an additional 388 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Acxiom Corp. by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 100,064 shares of the company’s stock valued at $2,093,000 after buying an additional 1,219 shares in the last quarter. Sei Investments Co. increased its position in shares of Acxiom Corp. by 13,895.5% in the fourth quarter. Sei Investments Co. now owns 133,517 shares of the company’s stock valued at $2,793,000 after buying an additional 132,563 shares in the last quarter. Finally, Russell Frank Co increased its position in shares of Acxiom Corp. by 31.9% in the fourth quarter. Russell Frank Co now owns 155,353 shares of the company’s stock valued at $3,334,000 after buying an additional 37,537 shares in the last quarter.
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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