JPMorgan Chase & Co. boosted its stake in Acxiom Corporation (NASDAQ:ACXM) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,818 shares of the information technology services provider’s stock after buying an additional 39,795 shares during the period. JPMorgan Chase & Co.’s holdings in Acxiom Corporation were worth $5,831,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank increased its stake in shares of Acxiom Corporation by 5.9% in the fourth quarter. Comerica Bank now owns 58,417 shares of the information technology services provider’s stock valued at $1,617,000 after buying an additional 3,247 shares in the last quarter. State Street Corp boosted its position in shares of Acxiom Corporation by 0.5% in the fourth quarter. State Street Corp now owns 2,381,601 shares of the information technology services provider’s stock valued at $63,826,000 after buying an additional 12,438 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of Acxiom Corporation by 17.0% in the fourth quarter. Federated Investors Inc. PA now owns 48,595 shares of the information technology services provider’s stock valued at $1,302,000 after buying an additional 7,063 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Acxiom Corporation during the fourth quarter valued at approximately $270,000. Finally, Marshall Wace LLP bought a new position in shares of Acxiom Corporation during the fourth quarter valued at approximately $683,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.
Acxiom Corporation (NASDAQ ACXM) traded up 0.26% during trading on Friday, reaching $27.06. 488,484 shares of the company’s stock were exchanged. Acxiom Corporation has a 52-week low of $22.72 and a 52-week high of $30.40. The firm has a market cap of $2.12 billion, a P/E ratio of 541.20 and a beta of 1.24. The stock’s 50 day moving average price is $26.34 and its 200 day moving average price is $27.39.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Tuesday, May 16th. The information technology services provider reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Acxiom Corporation had a net margin of 0.47% and a return on equity of 3.80%. The company had revenue of $224.87 million for the quarter, compared to analysts’ expectations of $221.96 million. During the same period in the prior year, the business earned $0.18 earnings per share. Acxiom Corporation’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Acxiom Corporation will post $0.82 EPS for the current fiscal year.
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A number of research firms have recently weighed in on ACXM. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a research report on Monday, April 17th. Finally, BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.20.
In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the transaction, the director now owns 80,506 shares of the company’s stock, valued at $2,080,275.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.54% of the company’s stock.
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.
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