Rgm Capital buys $52.7 Million stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : Rgm Capital scooped up 610,732 additional shares in Acxiom Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,304,558 shares of Acxiom Corporation which is valued at $52.7 Million.Acxiom Corporation makes up approximately 6.64% of Rgm Capital’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in ACXM by selling 262 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 36,381 shares of ACXM which is valued at $831,306. Acxiom Corporation makes up approx 0.01% of Nuveen Asset Management’s portfolio.Comerica Bank reduced its stake in ACXM by selling 2,404 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 52,029 shares of ACXM which is valued at $1.2 Million. Acxiom Corporation makes up approx 0.01% of Comerica Bank’s portfolio.New York State Common Retirement Fund boosted its stake in ACXM in the latest quarter, The investment management firm added 7,341 additional shares and now holds a total of 286,347 shares of Acxiom Corporation which is valued at $6.5 Million. Acxiom Corporation makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

Acxiom Corporation closed down -0.06 points or -0.28% at $21.18 with 3,74,365 shares getting traded on Wednesday. Post opening the session at $21.24, the shares hit an intraday low of $21.18 and an intraday high of $21.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Acxiom Corporation reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 17, 2016. Analyst had a consensus of $0.12. The company had revenue of $224.66 million for the quarter, compared to analysts expectations of $213.20 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Acxiom Corporation. Dougherty & Company Initiated Acxiom Corporation on May 24, 2016 to “Buy”, Price Target of the shares are set at $28.

Acxiom Corporation is an enterprise data analytics and software-as-a-service company. The Company’s operating segments include Marketing and Data Services IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration Consumer Insight Solutions Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services) e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals including financial insurance and investment services automotive retail telecommunications high tech healthcare travel entertainment non-profit and government. It operates in the United States Europe South America and the Asia-Pacific region.

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