Alliancebernstein L.P. reduced its stake in Acxiom Corporation (NASDAQ:ACXM) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,271 shares of the information technology services provider’s stock after selling 5,540 shares during the period. Alliancebernstein L.P. owned 0.15% of Acxiom Corporation worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Acxiom Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock worth $298,000 after acquiring an additional 55 shares during the period. Swiss National Bank lifted its stake in shares of Acxiom Corporation by 2.5% in the 2nd quarter. Swiss National Bank now owns 130,500 shares of the information technology services provider’s stock worth $3,390,000 after acquiring an additional 3,200 shares during the period. Scout Investments Inc. lifted its stake in shares of Acxiom Corporation by 4.1% in the 2nd quarter. Scout Investments Inc. now owns 45,350 shares of the information technology services provider’s stock worth $1,178,000 after acquiring an additional 1,800 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Acxiom Corporation by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 332,414 shares of the information technology services provider’s stock worth $8,636,000 after acquiring an additional 7,096 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Acxiom Corporation by 18.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,523,961 shares of the information technology services provider’s stock worth $39,593,000 after acquiring an additional 240,681 shares during the period. 94.41% of the stock is owned by institutional investors.

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In related news, CFO Warren Jenson acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $22.09 per share, with a total value of $220,900.00. Following the acquisition, the chief financial officer now directly owns 377,415 shares in the company, valued at $8,337,097.35. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.54% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on ACXM shares. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a research note on Thursday, August 17th. BidaskClub lowered shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Acxiom Corporation in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 price target on shares of Acxiom Corporation in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.75.

Shares of Acxiom Corporation (NASDAQ ACXM) opened at 24.79 on Tuesday. The stock has a 50 day moving average of $23.75 and a 200-day moving average of $25.92. The firm’s market capitalization is $1.97 billion. Acxiom Corporation has a 52 week low of $21.80 and a 52 week high of $30.40.

Acxiom Corporation (NASDAQ:ACXM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The firm had revenue of $213.00 million for the quarter, compared to analyst estimates of $217.32 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was down .8% on a year-over-year basis. Analysts expect that Acxiom Corporation will post $0.80 earnings per share for the current year.

Acxiom Corporation 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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