UBS Asset Management Americas Inc. Has $1,018,000 Position in Acxiom Corp. (ACXM)

UBS Asset Management Americas Inc. increased its stake in shares of Acxiom Corp. (NASDAQ:ACXM) by 24.8% during the second quarter, Holdings Channel reports. The firm owned 46,300 shares of the company’s stock after buying an additional 9,203 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Acxiom Corp. worth $1,018,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of Acxiom Corp. by 2.1% in the first quarter. State Street Corp now owns 2,391,900 shares of the company’s stock valued at $51,284,000 after buying an additional 49,798 shares during the period. RGM Capital LLC boosted its position in shares of Acxiom Corp. by 36.1% in the first quarter. RGM Capital LLC now owns 2,304,558 shares of the company’s stock valued at $49,410,000 after buying an additional 610,732 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Acxiom Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,346 shares of the company’s stock valued at $48,590,000 after buying an additional 43,115 shares during the period. Kalmar Investments Inc. DE boosted its position in shares of Acxiom Corp. by 8.4% in the second quarter. Kalmar Investments Inc. DE now owns 2,242,986 shares of the company’s stock valued at $49,323,000 after buying an additional 172,889 shares during the period. Finally, Harvest Capital Strategies LLC boosted its position in shares of Acxiom Corp. by 30.2% in the first quarter. Harvest Capital Strategies LLC now owns 680,797 shares of the company’s stock valued at $14,596,000 after buying an additional 157,797 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Acxiom Corp. (NASDAQ:ACXM)

Acxiom Corp. (NASDAQ:ACXM) opened at 25.21 on Tuesday. Acxiom Corp. has a one year low of $17.32 and a one year high of $27.24. The firm has a market cap of $1.95 billion, a PE ratio of 166.95 and a beta of 1.26. The firm’s 50 day moving average price is $26.14 and its 200-day moving average price is $23.41.

Acxiom Corp. (NASDAQ:ACXM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $215 million for the quarter, compared to analyst estimates of $203.38 million. Acxiom Corp. had a return on equity of 3.44% and a net margin of 1.35%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. Equities analysts predict that Acxiom Corp. will post $0.59 EPS for the current fiscal year.

A number of equities analysts recently weighed in on ACXM shares. BMO Capital Markets raised Acxiom Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $28.00 in a report on Friday, August 5th. Zacks Investment Research raised Acxiom Corp. from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Wednesday, August 10th. Cantor Fitzgerald started coverage on Acxiom Corp. in a report on Wednesday, September 14th. They issued a “buy” rating and a $31.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Acxiom Corp. in a report on Wednesday, August 10th. Finally, Dougherty & Co upped their price target on Acxiom Corp. from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.75.

Acxiom Corp. 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.

5 Day Chart for NASDAQ:ACXM

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