California Public Employees Retirement System Has $4,048,000 Position in Acxiom Corp. (ACXM)
California Public Employees Retirement System increased its stake in shares of Acxiom Corp. (NASDAQ:ACXM) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 184,100 shares of the company’s stock after buying an additional 4,800 shares during the period. California Public Employees Retirement System owned 0.24% of Acxiom Corp. worth $4,048,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. RGM Capital LLC increased its stake in shares of Acxiom Corp. by 36.1% in the first quarter. RGM Capital LLC now owns 2,304,558 shares of the company’s stock valued at $49,410,000 after buying an additional 610,732 shares in the last quarter. Norges Bank bought a new stake in shares of Acxiom Corp. during the fourth quarter valued at approximately $10,628,000. Emerald Acquisition Ltd. bought a new stake in shares of Acxiom Corp. during the second quarter valued at approximately $5,349,000. Kalmar Investments Inc. DE increased its stake in shares of Acxiom Corp. by 8.4% in the second quarter. Kalmar Investments Inc. DE now owns 2,242,986 shares of the company’s stock valued at $49,323,000 after buying an additional 172,889 shares in the last quarter. Finally, Harvest Capital Strategies LLC increased its stake in shares of Acxiom Corp. by 30.2% in the first quarter. Harvest Capital Strategies LLC now owns 680,797 shares of the company’s stock valued at $14,596,000 after buying an additional 157,797 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.
Acxiom Corp. (NASDAQ:ACXM) traded up 0.67% on Wednesday, reaching $26.94. The company had a trading volume of 228,108 shares. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 178.41 and a beta of 1.20. The firm has a 50 day moving average price of $25.50 and a 200-day moving average price of $22.75. Acxiom Corp. has a 12 month low of $17.32 and a 12 month high of $27.03.
Acxiom Corp. (NASDAQ:ACXM) last released its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company earned $215 million during the quarter, compared to analysts’ expectations of $203.38 million. Acxiom Corp. had a return on equity of 3.44% and a net margin of 1.35%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Analysts forecast that Acxiom Corp. will post $0.59 earnings per share for the current fiscal year.
ACXM has been the subject of several analyst reports. Zacks Investment Research raised Acxiom Corp. from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a report on Wednesday, August 10th. BMO Capital Markets raised Acxiom Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the company from $23.00 to $28.00 in a research report on Friday, August 5th. Cantor Fitzgerald began coverage on Acxiom Corp. in a research report on Wednesday, September 14th. They set a “buy” rating and a $31.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Acxiom Corp. in a research report on Wednesday, August 10th. Finally, Dougherty & Co began coverage on Acxiom Corp. in a research report on Tuesday, May 24th. They set a “buy” rating and a $28.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.75.
In other news, insider S. Travis May sold 31,354 shares of Acxiom Corp. stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $21.75, for a total value of $681,949.50. Following the completion of the sale, the insider now directly owns 244,758 shares of the company’s stock, valued at approximately $5,323,486.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.11% of the stock is owned by insiders.
Acxiom Corp. Company 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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