Cwm LLC Has $1.96 Million Holdings in Acxiom Co. (ACXM)

Cwm LLC reduced its position in shares of Acxiom Co. (NASDAQ:ACXM) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,080 shares of the information technology services provider’s stock after selling 2,944 shares during the quarter. Cwm LLC owned 0.09% of Acxiom worth $1,959,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ACXM. ETF Managers Group LLC bought a new stake in shares of Acxiom in the second quarter worth approximately $119,000. Riverhead Capital Management LLC grew its stake in shares of Acxiom by 73.9% in the second 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 during the period. Shelton Capital Management bought a new stake in shares of Acxiom in the second quarter worth approximately $213,000. Quantbot Technologies LP grew its stake in shares of Acxiom by 384.9% in the second 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 during the period. Finally, Cipher Capital LP bought a new stake in shares of Acxiom in the third quarter worth approximately $262,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Shares of Acxiom Co. (NASDAQ:ACXM) opened at $28.05 on Friday. Acxiom Co. has a 12 month low of $21.80 and a 12 month high of $30.40. The company has a market cap of $2,268.33, a P/E ratio of -187.00, a PEG ratio of 8.29 and a beta of 1.30. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $225.24 million during the quarter, compared to analyst estimates of $222.05 million. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. research analysts anticipate that Acxiom Co. will post 0.35 EPS for the current fiscal year.

A number of brokerages have recently commented on ACXM. Zacks Investment Research upgraded shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Monday, November 6th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 price target on shares of Acxiom in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.33.

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Acxiom 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.

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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