Principal Financial Group Inc. Buys 19,334 Shares of Acxiom Corp. (ACXM)
Principal Financial Group Inc. increased its stake in shares of Acxiom Corp. (NASDAQ:ACXM) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 809,714 shares of the company’s stock after buying an additional 19,334 shares during the period. Principal Financial Group Inc. owned approximately 1.05% of Acxiom Corp. worth $17,806,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ACXM. State Street Corp boosted its stake in shares of Acxiom Corp. by 2.1% in the first quarter. State Street Corp now owns 2,391,900 shares of the company’s stock valued at $51,284,000 after buying an additional 49,798 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Acxiom Corp. by 2.7% in the second quarter. Victory Capital Management Inc. now owns 2,078,700 shares of the company’s stock valued at $45,710,000 after buying an additional 54,925 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Acxiom Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,346 shares of the company’s stock valued at $48,590,000 after buying an additional 43,115 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Acxiom Corp. by 2.6% in the first quarter. Teachers Advisors Inc. now owns 116,687 shares of the company’s stock valued at $2,502,000 after buying an additional 2,956 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Acxiom Corp. by 8.7% in the first quarter. Prudential Financial Inc. now owns 54,299 shares of the company’s stock valued at $1,165,000 after buying an additional 4,358 shares during the last quarter. 96.13% of the stock is owned by institutional investors.
Shares of Acxiom Corp. (NASDAQ:ACXM) traded up 0.26% on Tuesday, reaching $26.61. The company’s stock had a trading volume of 18,855 shares. The company has a market cap of $2.06 billion, a P/E ratio of 176.23 and a beta of 1.26. The company’s 50 day moving average price is $26.12 and its 200 day moving average price is $23.12. Acxiom Corp. has a 12-month low of $17.32 and a 12-month high of $27.24.
Acxiom Corp. (NASDAQ:ACXM) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Acxiom Corp. had a return on equity of 3.44% and a net margin of 1.35%. The firm earned $215 million during the quarter, compared to analyst estimates of $203.38 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Acxiom Corp. will post $0.59 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on ACXM shares. Cantor Fitzgerald initiated coverage on Acxiom Corp. in a research note on Wednesday, September 14th. They issued a “buy” rating and a $31.00 price target for the company. BMO Capital Markets raised Acxiom Corp. from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $28.00 in a research note on Friday, August 5th. Dougherty & Co raised their target price on Acxiom Corp. from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised Acxiom Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Acxiom Corp. in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.75.
In other Acxiom Corp. news, insider S. Travis May sold 31,354 shares of Acxiom Corp. stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $21.75, for a total transaction of $681,949.50. Following the completion of the sale, the insider now owns 244,758 shares of the company’s stock, valued at $5,323,486.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.11% of the company’s stock.
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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