GSA Capital Partners LLP trimmed its holdings in Acxiom Co. (NASDAQ:ACXM) by 44.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,230 shares of the information technology services provider’s stock after selling 12,027 shares during the quarter. GSA Capital Partners LLP’s holdings in Acxiom were worth $375,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC boosted its position in shares of Acxiom by 10.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,680,199 shares of the information technology services provider’s stock valued at $41,400,000 after acquiring an additional 156,238 shares during the last quarter. Bamco Inc. NY boosted its position in shares of Acxiom by 28.4% during the 3rd quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock valued at $70,552,000 after acquiring an additional 632,649 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of Acxiom by 1,851.5% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 206,762 shares of the information technology services provider’s stock valued at $5,095,000 after acquiring an additional 196,167 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Acxiom during the 3rd quarter valued at approximately $890,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Acxiom by 34.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,201,525 shares of the information technology services provider’s stock valued at $29,606,000 after acquiring an additional 307,015 shares during the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.
A number of research analysts have recently commented on ACXM shares. Cantor Fitzgerald reiterated a “buy” rating and set a $33.00 target price on shares of Acxiom in a research report on Friday, September 22nd. Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.33.
Acxiom Co. (ACXM) opened at $28.11 on Friday. The company has a market capitalization of $2,228.67, a P/E ratio of 117.13, a PEG ratio of 5.43 and a beta of 1.30. Acxiom Co. has a 52-week low of $21.80 and a 52-week high of $30.40. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30.
Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The company 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%. Acxiom’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. sell-side analysts predict that Acxiom Co. will post 0.35 earnings per share for the current fiscal year.
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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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