ING Groep NV Buys 2,199 Shares of Acxiom Co. (ACXM)

ING Groep NV grew its stake in Acxiom Co. (NASDAQ:ACXM) by 22.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,953 shares of the information technology services provider’s stock after buying an additional 2,199 shares during the quarter. ING Groep NV’s holdings in Acxiom were worth $329,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ACXM. Voya Investment Management LLC lifted its stake in Acxiom by 11.7% during the second quarter. Voya Investment Management LLC now owns 34,456 shares of the information technology services provider’s stock worth $895,000 after purchasing an additional 3,599 shares during the last quarter. State Street Corp lifted its stake in Acxiom by 3.9% during the second quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock worth $65,876,000 after purchasing an additional 94,650 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Acxiom by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 173,143 shares of the information technology services provider’s stock worth $4,499,000 after purchasing an additional 3,073 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Acxiom by 32.7% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,169,345 shares of the information technology services provider’s stock worth $28,812,000 after purchasing an additional 288,010 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in Acxiom by 61.8% during the third quarter. OLD National Bancorp IN now owns 20,857 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 7,968 shares during the last quarter. Institutional investors and hedge funds own 97.67% of the company’s stock.

Shares of Acxiom Co. (ACXM) opened at $28.25 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom Co. has a 52 week low of $21.80 and a 52 week high of $29.75. The firm has a market capitalization of $2,275.73, a P/E ratio of 115.08, a price-to-earnings-growth ratio of 9.92 and a beta of 1.25.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The company had revenue of $234.87 million during the quarter, compared to analysts’ expectations of $237.36 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts expect that Acxiom Co. will post 0.29 EPS for the current year.

Several equities research analysts recently weighed in on the company. Stephens boosted their target price on Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. They noted that the move was a valuation call. BidaskClub upgraded Acxiom from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. TheStreet upgraded Acxiom from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. BMO Capital Markets boosted their price objective on Acxiom from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/21/ing-groep-nv-buys-2199-shares-of-acxiom-co-acxm.html.

Acxiom 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.

Want to see what other hedge funds are holding ACXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acxiom Co. (NASDAQ:ACXM).

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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

Leave a Reply