Acxiom Corporation (ACXM) Holdings Cut by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in Acxiom Corporation (NASDAQ:ACXM) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,506,021 shares of the information technology services provider’s stock after selling 665,566 shares during the quarter. Wells Fargo & Company MN owned 3.17% of Acxiom worth $61,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System raised its position in shares of Acxiom by 4.1% during the second 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 raised its position in shares of Acxiom by 137.3% during the second 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. Russell Investments Group Ltd. raised its position in shares of Acxiom by 2.7% during the second 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. ING Groep NV acquired a new position in shares of Acxiom during the second quarter worth approximately $248,000. Finally, Texas Permanent School Fund raised its position in shares of Acxiom by 1.4% during the second quarter. Texas Permanent School Fund now owns 57,319 shares of the information technology services provider’s stock worth $1,489,000 after purchasing an additional 801 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Acxiom Corporation (NASDAQ ACXM) opened at $27.33 on Friday. The stock has a market capitalization of $2,168.13, a price-to-earnings ratio of 114.04, a price-to-earnings-growth ratio of 5.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 2.23. Acxiom Corporation has a 12 month low of $21.80 and a 12 month high of $30.40.

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

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised 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 issued a $32.00 price target on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price target on shares of Acxiom in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Acxiom currently has an average rating of “Buy” and an average price target of $32.33.

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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.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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