William Blair Investment Management LLC Decreases Position in Acxiom Co. (ACXM)

William Blair Investment Management LLC cut its stake in shares of Acxiom Co. (NASDAQ:ACXM) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,697,344 shares of the information technology services provider’s stock after selling 310,047 shares during the quarter. William Blair Investment Management LLC’s holdings in Acxiom were worth $46,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Meadow Creek Investment Management LLC grew its holdings in shares of Acxiom by 28.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock valued at $289,000 after purchasing an additional 2,352 shares during the last quarter. Cipher Capital LP bought a new stake in shares of Acxiom during the 3rd quarter valued at approximately $262,000. Jane Street Group LLC bought a new stake in shares of Acxiom during the 4th quarter valued at approximately $300,000. American Century Companies Inc. bought a new stake in shares of Acxiom during the 4th quarter valued at approximately $304,000. Finally, ING Groep NV grew its holdings in shares of Acxiom by 22.5% during the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after purchasing an additional 2,199 shares during the last quarter. 98.81% of the stock is currently owned by institutional investors.

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Several equities research analysts recently commented on ACXM shares. Zacks Investment Research downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stephens lifted their target price on shares of Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. They noted that the move was a valuation call. BidaskClub downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. BMO Capital Markets lifted their target price on shares of Acxiom from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, TheStreet upgraded shares of Acxiom from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.75.

Shares of ACXM stock opened at $30.20 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom Co. has a 1 year low of $21.80 and a 1 year high of $32.93. The company has a market cap of $2,437.13, a P/E ratio of 251.67, a P/E/G ratio of 10.68 and a beta of 1.19.

Acxiom (NASDAQ:ACXM) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.11 by $0.20. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The business had revenue of $234.87 million for the quarter, compared to the consensus estimate of $237.36 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. analysts predict that Acxiom Co. will post 0.29 earnings per share for the current year.

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Acxiom Profile

Acxiom Corporation operates as 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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