Daruma Capital Management Lowers stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : Daruma Capital Management reduced its stake in Acxiom Corporation by 3.93% during the most recent quarter end. The investment management company now holds a total of 2,503,913 shares of Acxiom Corporation which is valued at $67,555,573 after selling 102,474 shares in Acxiom Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Acxiom Corporation makes up approximately 3.93% of Daruma Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in ACXM in the latest quarter, The investment management firm added 13,917 additional shares and now holds a total of 912,520 shares of Acxiom Corporation which is valued at $24,610,664. Acxiom Corporation makes up approx 0.06% of D. E. Shaw’s portfolio.Emerald Acquisition Ltd. reduced its stake in ACXM by selling 24,681 shares or 10.15% in the most recent quarter. The Hedge Fund company now holds 218,529 shares of ACXM which is valued at $5,751,683. Acxiom Corporation makes up approx 0.01% of Emerald Acquisition Ltd.’s portfolio.Tygh Capital Management boosted its stake in ACXM in the latest quarter, The investment management firm added 116,688 additional shares and now holds a total of 228,093 shares of Acxiom Corporation which is valued at $5,268,948. Acxiom Corporation makes up approx 1.49% of Tygh Capital Management’s portfolio.Kalmar Investments Inc De reduced its stake in ACXM by selling 94,000 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 2,148,986 shares of ACXM which is valued at $53,015,485. Acxiom Corporation makes up approx 2.56% of Kalmar Investments Inc De’s portfolio.1st Global Advisors boosted its stake in ACXM in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 10,944 shares of Acxiom Corporation which is valued at $274,147. Acxiom Corporation makes up approx 0.04% of 1st Global Advisors’s portfolio.

Acxiom Corporation closed down -0.24 points or -0.89% at $26.87 with 3,66,605 shares getting traded on Monday. Post opening the session at $26.91, the shares hit an intraday low of $26.7 and an intraday high of $27.14 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 $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.11. The company had revenue of $217.27 million for the quarter, compared to analysts expectations of $215.56 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Acxiom Corporation. Company shares were Reiterated by Dougherty & Company on Nov 18, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .First Analysis Sec Downgraded Acxiom Corporation on Nov 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $30.Cantor Fitzgerald Initiated Acxiom Corporation on Sep 15, 2016 to “Buy”, Price Target of the shares are set at $31.

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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