Schroder Investment Management Group reduced its stake in Acxiom Co. (NASDAQ:ACXM) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 615,967 shares of the information technology services provider’s stock after selling 26,031 shares during the period. Schroder Investment Management Group’s holdings in Acxiom were worth $18,479,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Acxiom by 3.5% in the 2nd quarter. BlackRock Inc. now owns 8,648,550 shares of the information technology services provider’s stock worth $259,023,000 after buying an additional 293,817 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Acxiom by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,176,668 shares of the information technology services provider’s stock worth $214,940,000 after buying an additional 254,869 shares during the last quarter. Granahan Investment Management Inc. MA bought a new stake in shares of Acxiom in the 2nd quarter worth about $645,000. Nomura Holdings Inc. bought a new stake in shares of Acxiom in the 2nd quarter worth about $2,473,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Acxiom by 3.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 365,087 shares of the information technology services provider’s stock worth $10,934,000 after buying an additional 11,306 shares during the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.
Get Acxiom alerts:ACXM has been the topic of a number of research reports. Wells Fargo & Co boosted their target price on shares of Acxiom from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets restated a “buy” rating and issued a $46.00 target price on shares of Acxiom in a report on Friday, July 13th. Stephens restated a “buy” rating and issued a $47.00 target price on shares of Acxiom in a report on Sunday, August 12th. Zacks Investment Research downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, BidaskClub downgraded shares of Acxiom from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.00.
Shares of NASDAQ:ACXM opened at $48.48 on Friday. The stock has a market cap of $3.83 billion, a P/E ratio of 110.18, a PEG ratio of 29.06 and a beta of 1.36. Acxiom Co. has a 12 month low of $18.60 and a 12 month high of $51.51. 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 (NASDAQ:ACXM) last issued its quarterly earnings results on Thursday, August 9th. The information technology services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $227.00 million for the quarter, compared to the consensus estimate of $220.26 million. Acxiom had a net margin of 2.34% and a return on equity of 3.93%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities analysts forecast that Acxiom Co. will post 0.17 EPS for the current year.
In related news, insider James F. Arra sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $43.52, for a total transaction of $217,600.00. Following the transaction, the insider now directly 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 the SEC website. Also, CFO Warren Jenson sold 72,783 shares of the company’s 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 transaction, the chief financial officer now owns 234,612 shares in the company, valued at $10,111,777.20. The disclosure for this sale can be found here. Corporate insiders own 3.54% of the company’s stock.
Acxiom Profile
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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