Cramer Rosenthal Mcglynn LLC lessened its holdings in Acxiom Co. (NASDAQ:ACXM) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,447 shares of the information technology services provider’s stock after selling 4,305 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.80% of Acxiom worth $17,513,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ACXM. Cipher Capital LP bought a new stake in shares of Acxiom in the third quarter worth $262,000. American Century Companies Inc. bought a new stake in shares of Acxiom in the fourth quarter worth $304,000. ING Groep NV lifted its position in shares of Acxiom by 22.5% in the fourth 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 in the last quarter. Quantbot Technologies LP lifted its position in shares of Acxiom by 94.3% in the third 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 in the last quarter. Finally, New Mexico Educational Retirement Board bought a new stake in shares of Acxiom in the fourth quarter worth $543,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Acxiom Co. (NASDAQ ACXM) opened at $31.95 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom Co. has a 1 year low of $21.80 and a 1 year high of $32.60. The stock has a market cap of $2,549.19, a price-to-earnings ratio of 266.25, a price-to-earnings-growth ratio of 11.10 and a beta of 1.19.
ACXM has been the topic of a number of research reports. TheStreet raised shares of Acxiom from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. BidaskClub raised shares of Acxiom from a “hold” rating to a “buy” rating in a research report on Saturday. William Blair reaffirmed a “buy” rating on shares of Acxiom in a research report on Thursday, March 8th. Stephens reaffirmed a “buy” rating and set a $31.00 price target on shares of Acxiom in a research report on Wednesday, February 7th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Acxiom in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Acxiom currently has a consensus rating of “Buy” and an average 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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