Wells Fargo & Company MN Raises Position in Acxiom Co. (ACXM)

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Wells Fargo & Company MN boosted its holdings in Acxiom Co. (NASDAQ:ACXM) by 42.4% during the second quarter, Holdings Channel reports. The fund owned 403,792 shares of the information technology services provider’s stock after acquiring an additional 120,142 shares during the period. Wells Fargo & Company MN’s holdings in Acxiom were worth $12,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank boosted its stake in shares of Acxiom by 2.1% during the 1st quarter. Swiss National Bank now owns 138,600 shares of the information technology services provider’s stock worth $3,148,000 after purchasing an additional 2,900 shares during the last quarter. Scout Investments Inc. boosted its stake in shares of Acxiom by 8.3% during the 1st quarter. Scout Investments Inc. now owns 51,750 shares of the information technology services provider’s stock worth $1,175,000 after purchasing an additional 3,975 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Acxiom by 60.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 12,467 shares of the information technology services provider’s stock worth $283,000 after purchasing an additional 4,700 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Acxiom during the 1st quarter worth about $113,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Acxiom by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,204 shares of the information technology services provider’s stock worth $368,000 after purchasing an additional 5,829 shares during the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider James F. Arra sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $43.52, for a total value of $217,600.00. Following the sale, the insider now directly owns 210,970 shares of the company’s stock, valued at $9,181,414.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Warren Jenson sold 72,783 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $43.10, for a total transaction of $3,136,947.30. Following the completion of the sale, the chief financial officer now directly owns 234,612 shares in the company, valued at $10,111,777.20. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.

ACXM opened at $45.50 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92. Acxiom Co. has a 1 year low of $18.60 and a 1 year high of $46.39. The company has a market capitalization of $3.54 billion, a P/E ratio of 103.41, a P/E/G ratio of 26.88 and a beta of 1.42.

Acxiom (NASDAQ:ACXM) last released its earnings results on Thursday, August 9th. The information technology services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.06. Acxiom had a net margin of 2.34% and a return on equity of 3.93%. The business had revenue of $227.00 million for the quarter, compared to analysts’ expectations of $220.26 million. During the same period last year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts anticipate that Acxiom Co. will post 0.17 EPS for the current year.

ACXM has been the topic of several analyst reports. TheStreet raised shares of Acxiom from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. Wells Fargo & Co reaffirmed a “buy” rating and set a $41.00 price target on shares of Acxiom in a research note on Tuesday, July 3rd. BidaskClub cut shares of Acxiom from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. ValuEngine raised shares of Acxiom from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $46.00 price target on shares of Acxiom in a research note on Friday, July 13th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.00.

Acxiom Company Profile

Acxiom Corporation operates a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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