American Capital Management Inc buys $8,935,500 stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : American Capital Management Inc scooped up 35,000 additional shares in Acxiom Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 388,500 shares of Acxiom Corporation which is valued at $8,935,500.Acxiom Corporation makes up approximately 0.71% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in ACXM by selling 10,185 shares or 33.27% in the most recent quarter. The Hedge Fund company now holds 20,429 shares of ACXM which is valued at $469,867.

Acxiom Corporation closed down -0.12 points or -0.48% at $25 with 4,88,957 shares getting traded on Monday. Post opening the session at $25.05, the shares hit an intraday low of $24.94 and an intraday high of $25.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Acxiom Corporation reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.09. The company had revenue of $214.80 million for the quarter, compared to analysts expectations of $202.90 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Acxiom Corporation. Company shares were Reiterated by Dougherty & Company on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $28 .Company shares were Upgraded by BMO Capital Markets on Aug 5, 2016 to ” Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $23 .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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