Boothbay Fund Management LLC bought a new position in shares of Acxiom Corporation (NASDAQ:ACXM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 36,101 shares of the information technology services provider’s stock, valued at approximately $890,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ACXM. Aperio Group LLC lifted its stake in Acxiom by 137.3% during the 2nd quarter. Aperio Group LLC now owns 60,728 shares of the information technology services provider’s stock worth $1,578,000 after acquiring an additional 35,137 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Acxiom by 2.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 345,159 shares of the information technology services provider’s stock worth $8,968,000 after acquiring an additional 9,152 shares in the last quarter. ING Groep NV acquired a new position in Acxiom during the 2nd quarter worth about $248,000. Texas Permanent School Fund raised its position in Acxiom by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 57,319 shares of the information technology services provider’s stock valued at $1,489,000 after purchasing an additional 801 shares in the last quarter. Finally, Sei Investments Co. raised its position in Acxiom by 33.1% in the 2nd quarter. Sei Investments Co. now owns 226,732 shares of the information technology services provider’s stock valued at $5,891,000 after purchasing an additional 56,373 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Acxiom from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom in a research report on Thursday, August 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 price target on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $35.00 price target on shares of Acxiom in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.33.
Shares of Acxiom Corporation (NASDAQ ACXM) opened at $27.14 on Friday. 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 stock has a market capitalization of $2,164.96, a PE ratio of 113.88, a price-to-earnings-growth ratio of 5.21 and a beta of 1.30. Acxiom Corporation has a 12-month low of $21.80 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. Acxiom’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. equities research analysts expect that Acxiom Corporation will post 0.35 earnings per share for the current fiscal year.
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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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