Principal Financial Group Inc. Grows Holdings in Acxiom Corporation (ACXM)

Principal Financial Group Inc. raised its stake in Acxiom Corporation (NASDAQ:ACXM) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,252 shares of the information technology services provider’s stock after buying an additional 5,838 shares during the period. Principal Financial Group Inc. owned about 0.43% of Acxiom worth $8,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its position in shares of Acxiom by 20.5% in the 2nd 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. Louisiana State Employees Retirement System lifted its position in shares of Acxiom by 4.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the information technology services provider’s stock worth $533,000 after purchasing an additional 800 shares during the period. Aperio Group LLC lifted its position in shares of Acxiom by 137.3% in the 2nd quarter. Aperio Group LLC now owns 60,728 shares of the information technology services provider’s stock worth $1,578,000 after purchasing an additional 35,137 shares during the period. State Treasurer State of Michigan lifted its position in shares of Acxiom by 2.2% in the 2nd quarter. State Treasurer State of Michigan now owns 32,400 shares of the information technology services provider’s stock worth $842,000 after purchasing an additional 700 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Acxiom by 2.7% in 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 purchasing an additional 9,152 shares during the period. 97.96% of the stock is owned by institutional investors.

Shares of Acxiom Corporation (NASDAQ:ACXM) opened at $27.25 on Thursday. Acxiom Corporation has a 52-week low of $21.80 and a 52-week high of $30.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $2,168.13, a P/E ratio of 114.04, a P/E/G ratio of 5.21 and a beta of 1.30.

Acxiom (NASDAQ:ACXM) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The company had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $222.05 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Acxiom’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts forecast that Acxiom Corporation will post 0.35 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Acxiom from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Dougherty & Co reissued a “buy” rating on shares of Acxiom in a research report on Thursday, August 17th. BMO Capital Markets reissued a “buy” rating and set a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $35.00 target price on shares of Acxiom in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/principal-financial-group-inc-grows-holdings-in-acxiom-corporation-acxm.html.

About Acxiom

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 (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