Acxiom Corporation (ACXM) Shares Bought by Broadview Advisors LLC
Broadview Advisors LLC boosted its stake in Acxiom Corporation (NASDAQ:ACXM) by 39.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,016 shares of the information technology services provider’s stock after buying an additional 61,000 shares during the quarter. Broadview Advisors LLC owned approximately 0.27% of Acxiom Corporation worth $5,586,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in shares of Acxiom Corporation by 6.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 46,369 shares of the information technology services provider’s stock valued at $1,320,000 after buying an additional 2,907 shares during the period. Comerica Bank grew its holdings in shares of Acxiom Corporation by 5.3% during the 1st quarter. Comerica Bank now owns 61,524 shares of the information technology services provider’s stock valued at $1,787,000 after acquiring an additional 3,107 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Acxiom Corporation by 48.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,306 shares of the information technology services provider’s stock valued at $1,176,000 after acquiring an additional 13,393 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Acxiom Corporation during the 1st quarter valued at $729,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Acxiom Corporation by 4.4% during the 1st quarter. Ameriprise Financial Inc. now owns 211,083 shares of the information technology services provider’s stock valued at $6,010,000 after acquiring an additional 8,879 shares in the last quarter. Institutional investors own 94.41% of the company’s stock.
Shares of Acxiom Corporation (NASDAQ:ACXM) traded up 0.68% during trading on Wednesday, reaching $25.10. 122,442 shares of the company traded hands. Acxiom Corporation has a 12 month low of $21.80 and a 12 month high of $30.40. The stock’s 50 day moving average price is $23.49 and its 200-day moving average price is $26.00. The stock’s market cap is $2.00 billion.
Acxiom Corporation (NASDAQ:ACXM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $217.32 million. During the same quarter last year, the firm earned $0.15 EPS. Acxiom Corporation’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts expect that Acxiom Corporation will post $0.80 EPS for the current fiscal year.
In other news, CFO Warren Jenson purchased 10,000 shares of Acxiom Corporation stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $22.09 per share, with a total value of $220,900.00. Following the transaction, the chief financial officer now directly owns 377,415 shares in the company, valued at approximately $8,337,097.35. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.54% of the company’s stock.
A number of equities analysts have recently weighed in on ACXM shares. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald reissued a “buy” rating and set a $33.00 price objective on shares of Acxiom Corporation in a research report on Friday, September 22nd. BidaskClub raised Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a research note on Sunday, July 16th. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.80.
Acxiom Corporation 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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