Acxiom Corporation (ACXM) Shares Sold by Credit Suisse AG
Credit Suisse AG reduced its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,610 shares of the information technology services provider’s stock after selling 25,292 shares during the period. Credit Suisse AG owned 0.10% of Acxiom Corporation worth $2,295,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Acxiom Corporation by 19,342.4% in the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock valued at $229,535,000 after buying an additional 8,020,907 shares in the last quarter. Vanguard Group Inc. increased its position in Acxiom Corporation by 6.3% in the first quarter. Vanguard Group Inc. now owns 6,283,499 shares of the information technology services provider’s stock valued at $178,892,000 after buying an additional 372,982 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Acxiom Corporation by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,876,962 shares of the information technology services provider’s stock valued at $81,906,000 after buying an additional 26,390 shares in the last quarter. State Street Corp increased its position in Acxiom Corporation by 2.5% in the first quarter. State Street Corp now owns 2,440,925 shares of the information technology services provider’s stock valued at $69,491,000 after buying an additional 59,324 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Acxiom Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,986,578 shares of the information technology services provider’s stock valued at $56,558,000 after buying an additional 39,493 shares in the last quarter. 96.25% of the stock is currently owned by institutional investors and hedge funds.
Acxiom Corporation (NASDAQ ACXM) traded down 3.03% during trading on Monday, reaching $24.32. The company’s stock had a trading volume of 259,621 shares. The stock has a 50-day moving average price of $26.38 and a 200 day moving average price of $27.39. Acxiom Corporation has a 52-week low of $22.72 and a 52-week high of $30.40. The company has a market cap of $1.91 billion, a PE ratio of 486.40 and a beta of 1.24.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm had revenue of $213 million during the quarter, compared to analysts’ expectations of $217.32 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that Acxiom Corporation will post $0.80 EPS for the current year.
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Several equities analysts have commented on ACXM shares. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a research report on Monday, April 17th. Zacks Investment Research upgraded Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of Acxiom Corporation in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.20.
In related news, Director Clark M. Kokich sold 3,855 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the sale, the director now directly owns 80,506 shares in the company, valued at approximately $2,080,275.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.54% of the stock is currently owned by corporate insiders.
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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