Cramer Rosenthal Mcglynn LLC Reduces Position in Acxiom Corporation (ACXM)

Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of Acxiom Corporation (NASDAQ:ACXM) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,477 shares of the information technology services provider’s stock after selling 148,435 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.67% of Acxiom Corporation worth $13,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACXM. BlackRock Inc. grew its stake in Acxiom Corporation by 19,342.4% during the 1st quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock valued at $229,535,000 after acquiring an additional 8,020,907 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Acxiom Corporation by 194,663.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 615,452 shares of the information technology services provider’s stock valued at $17,522,000 after acquiring an additional 615,136 shares in the last quarter. Marshall Wace North America L.P. grew its stake in Acxiom Corporation by 424.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 701,173 shares of the information technology services provider’s stock valued at $18,230,000 after acquiring an additional 567,559 shares in the last quarter. Vanguard Group Inc. grew its stake in Acxiom Corporation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 6,283,499 shares of the information technology services provider’s stock valued at $178,892,000 after acquiring an additional 372,982 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Acxiom Corporation by 40.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,018,357 shares of the information technology services provider’s stock valued at $26,457,000 after acquiring an additional 293,963 shares in the last quarter. 94.41% of the stock is owned by institutional investors.

In other Acxiom Corporation news, CFO Warren Jenson bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $22.09 per share, for a total transaction of $220,900.00. Following the completion of the transaction, the chief financial officer now owns 377,415 shares in the company, valued at approximately $8,337,097.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Cramer Rosenthal Mcglynn LLC Reduces Position in Acxiom Corporation (ACXM)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/05/cramer-rosenthal-mcglynn-llc-reduces-position-in-acxiom-corporation-acxm.html.

Shares of Acxiom Corporation (NASDAQ:ACXM) traded up 0.40% during mid-day trading on Thursday, reaching $25.18. 10,248 shares of the company traded hands. Acxiom Corporation has a 52 week low of $21.80 and a 52 week high of $30.40. The company’s market capitalization is $2.00 billion. The stock’s 50-day moving average is $23.55 and its 200-day moving average is $26.00.

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, hitting analysts’ consensus estimates of $0.14. The company had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, equities analysts predict that Acxiom Corporation will post $0.80 EPS for the current fiscal year.

ACXM has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a research note on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Dougherty & Co reaffirmed 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 issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.75.

About Acxiom Corporation

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 Corporation (NASDAQ:ACXM)

Receive News & Ratings for Acxiom Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply