Acxiom Corporation (ACXM) Short Interest Update
Acxiom Corporation (NASDAQ:ACXM) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 2,550,672 shares, a growth of 39.0% from the August 15th total of 1,835,304 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 421,447 shares, the days-to-cover ratio is currently 6.1 days.
In related news, Director Clark M. Kokich sold 3,855 shares of Acxiom Corporation stock in a transaction dated Wednesday, June 21st. The shares were 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 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 link. Also, CFO Warren Jenson acquired 10,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now directly owns 377,415 shares in the company, valued at $8,337,097.35. The disclosure for this purchase can be found here. Company insiders own 3.54% of the company’s stock.
Large investors have recently modified their holdings of the stock. Meadow Creek Investment Management LLC raised its holdings 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 valued at $124,000 after acquiring an additional 28 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Acxiom Corporation in the second quarter valued at approximately $119,000. Riverhead Capital Management LLC raised its holdings in Acxiom Corporation by 73.9% in the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock valued at $122,000 after acquiring an additional 1,994 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock valued at $151,000 after acquiring an additional 34 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings 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 valued at $160,000 after acquiring an additional 1,050 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on ACXM shares. BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of Acxiom Corporation in a report on Wednesday, June 14th. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Acxiom Corporation presently has an average rating of “Hold” and an average price target of $33.20.
Shares of Acxiom Corporation (NASDAQ:ACXM) opened at 23.49 on Friday. Acxiom Corporation has a 12-month low of $21.80 and a 12-month high of $30.40. The stock has a 50 day moving average of $23.69 and a 200 day moving average of $26.37. The company’s market cap is $1.87 billion.
Acxiom Corporation (NASDAQ:ACXM) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Analysts forecast that Acxiom Corporation will post $0.80 earnings per share for the current year.
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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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