Acxiom Corp. (ACXM) Sees Strong Trading Volume
Acxiom Corp. (NASDAQ:ACXM) shares saw strong trading volume on Wednesday . 633,840 shares were traded during trading, an increase of 70% from the previous session’s volume of 373,638 shares.The stock last traded at $22.97 and had previously closed at $22.98.
Several research analysts recently weighed in on the company. William Blair assumed coverage on Acxiom Corp. in a research report on Tuesday, May 31st. They set an “outperform” rating on the stock. Dougherty & Co assumed 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. Finally, Zacks Investment Research lowered Acxiom Corp. from a “hold” rating to a “sell” rating in a research report on Friday, May 20th.
The stock has a market cap of $1.78 billion and a P/E ratio of 267.44. The firm has a 50-day moving average of $22.31 and a 200 day moving average of $21.26.
Acxiom Corp. (NASDAQ:ACXM) last released its earnings results on Tuesday, May 17th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. During the same period last year, the business posted $0.24 earnings per share. The firm earned $225 million during the quarter, compared to analyst estimates of $213.90 million. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that Acxiom Corp. will post $0.55 earnings per share for the current year.
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.
Several large investors have recently added to or reduced their stakes in ACXM. Dimensional Fund Advisors LP boosted its stake in Acxiom Corp. by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,531,701 shares of the company’s stock valued at $52,965,000 after buying an additional 192,157 shares during the period. Principal Financial Group Inc. boosted its stake in Acxiom Corp. by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 779,127 shares of the company’s stock valued at $16,299,000 after buying an additional 24,756 shares during the period. Rhumbline Advisers boosted its stake in Acxiom Corp. by 1.8% in the fourth quarter. Rhumbline Advisers now owns 174,123 shares of the company’s stock valued at $3,643,000 after buying an additional 3,025 shares during the period. Russell Frank Co raised its position in 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. Finally, Comerica Bank raised its position in 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.
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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