Acxiom Corporation (ACXM) : Herald Investment Management Ltd scooped up 10,000 additional shares in Acxiom Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 25, 2016. The investment management firm now holds a total of 34,000 shares of Acxiom Corporation which is valued at $726,920.Acxiom Corporation makes up approximately 0.30% of Herald Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in ACXM in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 39,552 shares of Acxiom Corporation which is valued at $790,644. Acxiom Corporation makes up approx 0.01% of Arizona State Retirement System’s portfolio.Daruma Capital Management reduced its stake in ACXM by selling 193,913 shares or 5.95% in the most recent quarter. The Hedge Fund company now holds 3,064,333 shares of ACXM which is valued at $61.3 Million. Acxiom Corporation makes up approx 3.94% of Daruma Capital Management’s portfolio. A.r.t. Advisors added ACXM to its portfolio by purchasing 22,927 company shares during the most recent quarter which is valued at $458,311. Acxiom Corporation makes up approx 0.02% of A.r.t. Advisors’s portfolio. Ridgeworth Capital Management sold out all of its stake in ACXM during the most recent quarter. The investment firm sold 206 shares of ACXM which is valued $4,707.Blackrock Institutional Trust Company N.a. boosted its stake in ACXM in the latest quarter, The investment management firm added 43,115 additional shares and now holds a total of 2,266,346 shares of Acxiom Corporation which is valued at $51.8 Million. Acxiom Corporation makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.
Acxiom Corporation opened for trading at $21.26 and hit $21.53 on the upside on Wednesday, eventually ending the session at $21.52, with a gain of 1.61% or 0.34 points. The heightened volatility saw the trading volume jump to 6,62,731 shares. Company has a market cap of $1,668 M.
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.