Acxiom Co. (ACXM) Shares Sold by FDx Advisors Inc.
FDx Advisors Inc. lessened its stake in Acxiom Co. (NASDAQ:ACXM) by 28.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,953 shares of the information technology services provider’s stock after selling 6,198 shares during the period. FDx Advisors Inc.’s holdings in Acxiom were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Cipher Capital LP bought a new stake in Acxiom in the 3rd quarter worth approximately $262,000. American Century Companies Inc. bought a new stake in Acxiom in the 4th quarter worth approximately $304,000. ING Groep NV grew its position in Acxiom by 22.5% in the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock worth $329,000 after purchasing an additional 2,199 shares during the period. Wrapmanager Inc. grew its position in Acxiom by 41.6% in the 3rd quarter. Wrapmanager Inc. now owns 16,411 shares of the information technology services provider’s stock worth $404,000 after purchasing an additional 4,821 shares during the period. Finally, Quantbot Technologies LP grew its position in Acxiom by 94.3% in the 3rd quarter. Quantbot Technologies LP now owns 17,147 shares of the information technology services provider’s stock worth $422,000 after purchasing an additional 8,322 shares during the period. 97.67% of the stock is owned by institutional investors and hedge funds.
Shares of Acxiom Co. (NASDAQ ACXM) opened at $28.22 on Friday. Acxiom Co. has a 1 year low of $21.80 and a 1 year high of $29.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market cap of $2,234.80, a price-to-earnings ratio of 235.17, a PEG ratio of 9.73 and a beta of 1.19.
A number of equities research analysts have commented on ACXM shares. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, November 6th. BidaskClub downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. Stephens reaffirmed a “buy” rating and issued a $33.00 target price on shares of Acxiom in a research report on Thursday, January 25th. Finally, TheStreet raised shares of Acxiom from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.00.
Acxiom 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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