Partner Investment Management L.P. bought a new stake in Acxiom Co. (NASDAQ:ACXM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,177 shares of the information technology services provider’s stock, valued at approximately $799,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Invictus RG acquired a new position in shares of Acxiom during the 3rd quarter worth approximately $293,000. Allianz Asset Management GmbH raised its stake in shares of Acxiom by 5.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 683,115 shares of the information technology services provider’s stock worth $33,753,000 after buying an additional 35,450 shares during the period. Clarius Group LLC raised its stake in shares of Acxiom by 1.4% during the 3rd quarter. Clarius Group LLC now owns 88,304 shares of the information technology services provider’s stock worth $4,363,000 after buying an additional 1,245 shares during the period. United Services Automobile Association raised its stake in shares of Acxiom by 136.0% during the 3rd quarter. United Services Automobile Association now owns 78,235 shares of the information technology services provider’s stock worth $3,866,000 after buying an additional 45,083 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of Acxiom during the 3rd quarter worth approximately $1,510,000. Institutional investors own 94.47% of the company’s stock.
Acxiom Co. has a 12-month low of $18.60 and a 12-month high of $51.51.
ACXM has been the subject of several research analyst reports. Stephens reaffirmed a “buy” rating and set a $47.00 target price on shares of Acxiom in a research note on Sunday, August 12th. Wells Fargo & Co boosted their price target on Acxiom from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Finally, BMO Capital Markets boosted their price target on Acxiom from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.00.
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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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