Cwm LLC grew its holdings in shares of Acxiom Co. (NASDAQ:ACXM) by 34.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,645 shares of the information technology services provider’s stock after purchasing an additional 22,030 shares during the period. Cwm LLC owned 0.11% of Acxiom worth $4,281,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. SG Americas Securities LLC raised its holdings in shares of Acxiom by 7.7% during the second quarter. SG Americas Securities LLC now owns 25,336 shares of the information technology services provider’s stock worth $759,000 after purchasing an additional 1,809 shares during the period. Clarius Group LLC increased its holdings in shares of Acxiom by 2.2% in the 2nd quarter. Clarius Group LLC now owns 87,059 shares of the information technology services provider’s stock worth $2,607,000 after acquiring an additional 1,857 shares during the period. NumerixS Investment Technologies Inc increased its holdings in shares of Acxiom by 385.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 2,700 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Acxiom by 60.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 12,467 shares of the information technology services provider’s stock worth $283,000 after acquiring an additional 4,700 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in shares of Acxiom in the 3rd quarter worth about $292,000. 94.47% of the stock is currently owned by institutional investors.
ACXM has been the topic of a number of analyst reports. ValuEngine raised shares of Acxiom from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 4th. Zacks Investment Research cut shares of Acxiom from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Acxiom in a report on Friday, July 13th. Wells Fargo & Co increased their price objective on shares of Acxiom from $41.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, Stephens reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Acxiom in a report on Sunday, August 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.00.
ACXM stock opened at $48.48 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92. Acxiom Co. has a fifty-two week low of $18.60 and a fifty-two week high of $51.51. The stock has a market capitalization of $3.83 billion, a P/E ratio of 110.18, a PEG ratio of 29.06 and a beta of 1.36.
Acxiom (NASDAQ:ACXM) last released its quarterly earnings data on Thursday, August 9th. The information technology services provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. Acxiom had a net margin of 2.34% and a return on equity of 3.93%. The business had revenue of $227.00 million for the quarter, compared to analysts’ expectations of $220.26 million. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts forecast that Acxiom Co. will post 0.17 earnings per share for the current fiscal year.
In related news, insider James F. Arra sold 5,000 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $43.52, for a total value of $217,600.00. Following the completion of the transaction, the insider now owns 210,970 shares in the company, valued at approximately $9,181,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Warren Jenson sold 72,783 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $43.10, for a total transaction of $3,136,947.30. Following the completion of the transaction, the chief financial officer now owns 234,612 shares of the company’s stock, valued at approximately $10,111,777.20. The disclosure for this sale can be found here. Corporate insiders own 3.54% of the company’s stock.
Acxiom Corporation operates a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.
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