Russell Investments Group Ltd. Purchases 38,202 Shares of Acxiom Corporation (ACXM)

Russell Investments Group Ltd. raised its stake in Acxiom Corporation (NASDAQ:ACXM) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,361 shares of the information technology services provider’s stock after purchasing an additional 38,202 shares during the period. Russell Investments Group Ltd. owned 0.48% of Acxiom worth $9,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its stake in Acxiom by 0.3% in the second quarter. BlackRock Inc. now owns 8,084,968 shares of the information technology services provider’s stock valued at $210,046,000 after purchasing an additional 22,593 shares during the last quarter. Vanguard Group Inc. grew its stake in Acxiom by 1.7% in the second quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock valued at $166,050,000 after purchasing an additional 107,930 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Acxiom by 165.9% in the third quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock valued at $131,407,000 after purchasing an additional 3,327,468 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Acxiom by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,973,662 shares of the information technology services provider’s stock valued at $77,256,000 after purchasing an additional 96,700 shares during the last quarter. Finally, State Street Corp grew its stake in Acxiom by 3.9% in the second quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock valued at $65,876,000 after purchasing an additional 94,650 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Several research firms have issued reports on ACXM. Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub lowered Acxiom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Dougherty & Co restated a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. BMO Capital Markets restated a “buy” rating and set a $32.00 price target on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $35.00 price target on shares of Acxiom in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Acxiom has an average rating of “Buy” and an average price target of $32.33.

Shares of Acxiom Corporation (NASDAQ ACXM) opened at $27.37 on Wednesday. Acxiom Corporation has a 52 week low of $21.80 and a 52 week high of $30.40. The firm has a market capitalization of $2,168.92, a PE ratio of 114.08, a PEG ratio of 5.22 and a beta of 1.30. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The business had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. research analysts forecast that Acxiom Corporation will post 0.35 EPS for the current fiscal year.

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Acxiom Company Profile

Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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