State Treasurer State of Michigan boosted its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,400 shares of the information technology services provider’s stock after buying an additional 700 shares during the period. State Treasurer State of Michigan’s holdings in Acxiom Corporation were worth $842,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its position in shares of Acxiom Corporation by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 46,369 shares of the information technology services provider’s stock worth $1,320,000 after buying an additional 2,907 shares in the last quarter. Pembroke Management LTD increased its position in shares of Acxiom Corporation by 44.9% in the first quarter. Pembroke Management LTD now owns 402,300 shares of the information technology services provider’s stock worth $11,453,000 after buying an additional 124,600 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Acxiom Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,856 shares of the information technology services provider’s stock worth $765,000 after buying an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Acxiom Corporation by 51.5% in the first quarter. Russell Investments Group Ltd. now owns 336,007 shares of the information technology services provider’s stock worth $9,566,000 after buying an additional 114,279 shares in the last quarter. Finally, Granite Investment Partners LLC increased its position in shares of Acxiom Corporation by 7.6% in the first quarter. Granite Investment Partners LLC now owns 640,253 shares of the information technology services provider’s stock worth $18,228,000 after buying an additional 45,361 shares in the last quarter. 96.25% of the stock is owned by institutional investors.

Shares of Acxiom Corporation (NASDAQ ACXM) traded down 1.630% during trading on Wednesday, reaching $23.235. The company had a trading volume of 745,365 shares. Acxiom Corporation has a 52-week low of $22.72 and a 52-week high of $30.40. The company has a market capitalization of $1.82 billion, a P/E ratio of 464.700 and a beta of 1.24. The firm has a 50-day moving average price of $26.35 and a 200-day moving average price of $27.37.

Acxiom Corporation (NASDAQ:ACXM) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $213 million for the quarter, compared to the consensus estimate of $217.32 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, analysts predict that Acxiom Corporation will post $0.80 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the company. Zacks Investment Research raised Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a research report on Sunday, July 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.20.

In related news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total value of $99,613.20. Following the sale, the director now owns 80,506 shares of the company’s stock, valued at approximately $2,080,275.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.54% of the company’s stock.

Acxiom Corporation 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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Institutional Ownership by Quarter for Acxiom Corporation (NASDAQ:ACXM)

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