American International Group Inc. boosted its holdings in Acxiom Corporation (NASDAQ:ACXM) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,335 shares of the information technology services provider’s stock after purchasing an additional 8,020 shares during the quarter. American International Group Inc. owned about 0.27% of Acxiom worth $5,306,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. ETF Managers Group LLC acquired a new position in Acxiom in the second quarter valued at approximately $119,000. Riverhead Capital Management LLC boosted its holdings in Acxiom by 73.9% in the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock valued at $122,000 after purchasing an additional 1,994 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Acxiom by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock valued at $160,000 after acquiring an additional 1,050 shares during the period. Shelton Capital Management acquired a new stake in shares of Acxiom in the second quarter valued at approximately $213,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Acxiom by 384.9% in the second quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock valued at $229,000 after acquiring an additional 7,005 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Acxiom Corporation (NASDAQ ACXM) opened at $27.38 on Tuesday. The firm has a market capitalization of $2,185.56, a P/E ratio of 114.96, a PEG ratio of 5.26 and a beta of 1.30. Acxiom Corporation has a fifty-two week low of $21.80 and a fifty-two week high of $30.40. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.
Acxiom (NASDAQ:ACXM) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The business had revenue of $225.24 million during the quarter, compared to the consensus estimate of $222.05 million. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. sell-side analysts predict that Acxiom Corporation will post 0.35 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and issued a $32.00 price objective on shares of Acxiom in a report on Wednesday, November 22nd. Zacks Investment Research raised Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, November 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price objective on shares of Acxiom in a report on Thursday, November 2nd. Dougherty & Co reissued a “buy” rating on shares of Acxiom in a report on Thursday, August 17th. Finally, BidaskClub downgraded Acxiom from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Acxiom has an average rating of “Buy” and a consensus price target of $32.33.
TRADEMARK VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/05/acxiom-corporation-acxm-shares-bought-by-american-international-group-inc.html.
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.
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.