Acxiom Corporation (ACXM) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Acxiom Corporation (NASDAQ:ACXM) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,458 shares of the information technology services provider’s stock after acquiring an additional 55 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Acxiom Corporation were worth $298,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ACXM. Meadow Creek Investment Management LLC raised its position in Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock worth $124,000 after acquiring an additional 28 shares in the last quarter. LS Investment Advisors LLC raised its position in Acxiom Corporation by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after acquiring an additional 1,050 shares in the last quarter. potrero capital research llc purchased a new position in Acxiom Corporation in the first quarter worth $188,000. ING Groep NV purchased a new position in Acxiom Corporation in the second quarter worth $248,000. Finally, OppenheimerFunds Inc. purchased a new position in Acxiom Corporation in the first quarter worth $260,000. 94.61% of the stock is owned by institutional investors and hedge funds.
Shares of Acxiom Corporation (NASDAQ:ACXM) opened at 24.34 on Monday. The firm has a 50-day moving average price of $23.51 and a 200 day moving average price of $26.27. Acxiom Corporation has a 12-month low of $21.80 and a 12-month high of $30.40. The firm’s market cap is $1.94 billion.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $217.32 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Acxiom Corporation will post $0.80 earnings per share for the current fiscal year.
In other news, CFO Warren Jenson acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $22.09 per share, with a total value of $220,900.00. Following the purchase, the chief financial officer now owns 377,415 shares of the company’s stock, valued at $8,337,097.35. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.54% of the stock is currently owned by insiders.
Several research firms have issued reports on ACXM. BidaskClub cut Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Dougherty & Co reiterated a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. Zacks Investment Research cut Acxiom Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective on shares of Acxiom Corporation in a research report on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price objective on shares of Acxiom Corporation in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.80.
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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