Mutual of America Capital Management LLC Cuts Stake in Acxiom Co. (ACXM)
Mutual of America Capital Management LLC decreased its position in Acxiom Co. (NASDAQ:ACXM) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,465 shares of the information technology services provider’s stock after selling 356 shares during the period. Mutual of America Capital Management LLC’s holdings in Acxiom were worth $1,721,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its position in Acxiom 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 worth $124,000 after buying an additional 28 shares during the period. Glen Harbor Capital Management LLC boosted its position in Acxiom 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 worth $151,000 after buying an additional 34 shares during the period. Fortaleza Asset Management Inc. boosted its position in Acxiom by 8.4% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,390 shares of the information technology services provider’s stock worth $171,000 after buying an additional 495 shares during the period. Trexquant Investment LP purchased a new position in Acxiom during the fourth quarter worth about $270,000. Finally, Assenagon Asset Management S.A. purchased a new position in Acxiom during the first quarter worth about $285,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
Acxiom Co. (ACXM) opened at 26.75 on Monday. Acxiom Co. has a 12-month low of $20.47 and a 12-month high of $30.40. The company has a market cap of $2.10 billion, a PE ratio of 535.00 and a beta of 1.10. The firm’s 50-day moving average price is $27.56 and its 200-day moving average price is $27.53.
Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Tuesday, May 16th. The information technology services provider reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Acxiom had a net margin of 1.21% and a return on equity of 4.36%. The firm had revenue of $224.87 million for the quarter, compared to analyst estimates of $221.96 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Acxiom Co. will post $0.82 earnings per share for the current fiscal year.
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ACXM has been the subject of a number of research reports. BMO Capital Markets reiterated a “buy” rating and set a $32.00 target price on shares of Acxiom in a report on Monday, April 17th. Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Acxiom in a report on Wednesday, May 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Acxiom currently has a consensus rating of “Buy” and an average target price of $33.20.
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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