King Luther Capital Management Corp trimmed its stake in shares of Acxiom Corporation (NASDAQ:ACXM) by 18.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,884 shares of the information technology services provider’s stock after selling 67,685 shares during the period. King Luther Capital Management Corp owned 0.39% of Acxiom worth $7,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Acxiom by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock worth $298,000 after buying an additional 55 shares in the last quarter. Suntrust Banks Inc. lifted its stake in shares of Acxiom by 1.6% in the second quarter. Suntrust Banks Inc. now owns 16,303 shares of the information technology services provider’s stock worth $423,000 after buying an additional 254 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Acxiom by 3.7% in the second quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock worth $290,000 after buying an additional 397 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of Acxiom by 0.4% in the second quarter. Retirement Systems of Alabama now owns 101,209 shares of the information technology services provider’s stock worth $2,629,000 after buying an additional 427 shares in the last quarter. Finally, Global Endowment Management LP lifted its stake in shares of Acxiom by 2.8% in the second quarter. Global Endowment Management LP now owns 18,460 shares of the information technology services provider’s stock worth $480,000 after buying an additional 500 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on ACXM. Zacks Investment Research raised shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Dougherty & Co reissued a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. BMO Capital Markets reissued a “buy” rating and issued a $32.00 price target on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price target on shares of Acxiom in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.33.

Acxiom Corporation (ACXM) opened at $27.25 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $2,168.13, a PE ratio of 114.04, a PEG ratio of 5.21 and a beta of 1.30. Acxiom Corporation has a 52 week low of $21.80 and a 52 week high of $30.40.

Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $225.24 million for the quarter, compared to the consensus estimate of $222.05 million. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. research analysts anticipate that Acxiom Corporation will post 0.35 EPS for the current year.

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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.

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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