King Luther Capital Management Corp Sells 76,873 Shares of Acxiom Corporation (ACXM)

King Luther Capital Management Corp cut its holdings in shares of Acxiom Corporation (NASDAQ:ACXM) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,569 shares of the information technology services provider’s stock after selling 76,873 shares during the period. King Luther Capital Management Corp owned about 0.48% of Acxiom Corporation worth $9,731,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Riverhead Capital Management LLC increased its stake in Acxiom Corporation by 73.9% during the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 1,994 shares during the period. Meadow Creek Investment Management LLC increased its stake in Acxiom Corporation by 0.6% during the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock worth $124,000 after purchasing an additional 28 shares during the period. Glen Harbor Capital Management LLC increased its stake in Acxiom Corporation by 0.6% during the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock worth $151,000 after purchasing an additional 34 shares during the period. LS Investment Advisors LLC increased its stake in Acxiom Corporation by 20.5% during the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after purchasing an additional 1,050 shares during the period. Finally, potrero capital research llc purchased a new stake in Acxiom Corporation during the first quarter worth about $188,000. Institutional investors own 95.18% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/15/king-luther-capital-management-corp-sells-76873-shares-of-acxiom-corporation-acxm.html.

In related news, CFO Warren Jenson bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $22.09 per share, for a total transaction of $220,900.00. Following the acquisition, the chief financial officer now owns 377,415 shares in the company, valued at approximately $8,337,097.35. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total value of $99,613.20. Following the sale, the director now owns 80,506 shares in the company, valued at $2,080,275.04. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

ACXM has been the topic of a number of recent research reports. Dougherty & Co reiterated a “buy” rating on shares of Acxiom Corporation in a research note on Thursday, August 17th. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of Acxiom Corporation in a research note on Wednesday, June 14th. Finally, BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.20.

Shares of Acxiom Corporation (NASDAQ:ACXM) traded down 1.31% during trading on Friday, hitting $23.32. The stock had a trading volume of 740,223 shares. The company’s market cap is $1.85 billion. The stock’s 50-day moving average price is $23.79 and its 200-day moving average price is $26.41. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40.

Acxiom Corporation (NASDAQ:ACXM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $217.32 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, equities research analysts forecast that Acxiom Corporation will post $0.80 EPS for the current fiscal year.

Acxiom Corporation Company 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 Corporation (NASDAQ:ACXM).

Institutional Ownership by Quarter for Acxiom Corporation (NASDAQ:ACXM)

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.

Latest News

Leave a Reply