Rgm Capital buys $82,110,824 stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : Rgm Capital scooped up 94,188 additional shares in Acxiom Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,043,396 shares of Acxiom Corporation which is valued at $82,110,824.Acxiom Corporation makes up approximately 9.73% of Rgm Capital’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in ACXM in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 35,816 shares of Acxiom Corporation which is valued at $966,316. Acxiom Corporation makes up approx 0.03% of Mason Street Advisors’s portfolio.Evercore Trust Company N.a. reduced its stake in ACXM by selling 104,400 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 2,471,514 shares of ACXM which is valued at $65,791,703. Acxiom Corporation makes up approx 0.21% of Evercore Trust Company N.a.’s portfolio.King Luther Capital Management Corp reduced its stake in ACXM by selling 49,511 shares or 8.63% in the most recent quarter. The Hedge Fund company now holds 524,086 shares of ACXM which is valued at $13,951,169. Acxiom Corporation makes up approx 0.14% of King Luther Capital Management Corp’s portfolio.Neuberger Berman Group boosted its stake in ACXM in the latest quarter, The investment management firm added 27,677 additional shares and now holds a total of 1,748,515 shares of Acxiom Corporation which is valued at $40,390,697. Acxiom Corporation makes up approx 0.06% of Neuberger Berman Group’s portfolio. Capital One National Association added ACXM to its portfolio by purchasing 25,383 company shares during the most recent quarter which is valued at $598,023. Acxiom Corporation makes up approx 0.05% of Capital One National Association’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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