Acxiom Corporation (NASDAQ:ACXM) was the target of a significant growth in short interest in October. As of October 13th, there was short interest totalling 2,935,985 shares, a growth of 27.5% from the September 29th total of 2,303,209 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 382,231 shares, the days-to-cover ratio is currently 7.7 days.
In other Acxiom Corporation news, CFO Warren Jenson purchased 10,000 shares of Acxiom Corporation stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $22.09 per share, with a total value of $220,900.00. Following the completion of the transaction, the chief financial officer now owns 377,415 shares of the company’s stock, valued at $8,337,097.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.54% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ACXM. ETF Managers Group LLC acquired a new position in Acxiom Corporation during the 2nd quarter worth approximately $119,000. Riverhead Capital Management LLC lifted its position in Acxiom Corporation by 73.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 1,994 shares in the last quarter. LS Investment Advisors LLC lifted its position in Acxiom Corporation by 20.5% during the 2nd quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after acquiring an additional 1,050 shares in the last quarter. Shelton Capital Management acquired a new position in Acxiom Corporation during the 2nd quarter worth approximately $213,000. Finally, Quantbot Technologies LP lifted its position in Acxiom Corporation by 384.9% during the 2nd quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock worth $229,000 after acquiring an additional 7,005 shares in the last quarter. 95.42% of the stock is currently owned by hedge funds and other institutional investors.
Acxiom Corporation (NASDAQ:ACXM) last released its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. Acxiom Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS.
Several analysts recently weighed in on ACXM shares. BidaskClub raised shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $33.00 target price on shares of Acxiom Corporation in a report on Friday, September 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 target price on shares of Acxiom Corporation in a report on Sunday, July 16th. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.75.
Acxiom Corporation 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.
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