Falcon Point Capital Lowers stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : Falcon Point Capital reduced its stake in Acxiom Corporation by 1.31% during the most recent quarter end. The investment management company now holds a total of 627,998 shares of Acxiom Corporation which is valued at $14,494,194 after selling 8,306 shares in Acxiom Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Acxiom Corporation makes up approximately 2.43% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio added ACXM to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $23,080.Louisiana State Employees Retirement System reduced its stake in ACXM by selling 1,000 shares or 4.63% in the most recent quarter. The Hedge Fund company now holds 20,600 shares of ACXM which is valued at $475,448. Acxiom Corporation makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.Simplex Trading boosted its stake in ACXM in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 4,068 shares of Acxiom Corporation which is valued at $94,011. Acxiom Corporation makes up approx 0.01% of Simplex Trading’s portfolio.Creative Planning boosted its stake in ACXM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 432 shares of Acxiom Corporation which is valued at $9,780.

Acxiom Corporation (ACXM) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $22.98 and reached the intraday high at $23.18. The bulls started the profit booking and pushed the shares to intraday low of $22.74. The trading session was marked by a volume range of 6,35,982 shares exchanging hands. The 52-week high of the shares is $23.57 and the 52-week low is $17.32. The market cap of the company stands at $1,779 M and there are 7,75,24,614 shares in public circulation.

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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