Acxiom Co. (ACXM) Holdings Boosted by Brown Advisory Inc.

Brown Advisory Inc. boosted its position in Acxiom Co. (NASDAQ:ACXM) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,631,767 shares of the information technology services provider’s stock after acquiring an additional 121,685 shares during the quarter. Brown Advisory Inc.’s holdings in Acxiom were worth $44,972,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. UBS Asset Management Americas Inc. lifted its holdings in Acxiom by 9.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 52,498 shares of the information technology services provider’s stock worth $1,447,000 after buying an additional 4,500 shares in the last quarter. BlackRock Inc. lifted its holdings in Acxiom by 0.9% in the 4th quarter. BlackRock Inc. now owns 8,354,199 shares of the information technology services provider’s stock worth $230,243,000 after buying an additional 72,598 shares in the last quarter. Schroder Investment Management Group acquired a new position in Acxiom in the 4th quarter worth $15,333,000. Bank of New York Mellon Corp lifted its holdings in Acxiom by 16.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,203,101 shares of the information technology services provider’s stock worth $170,958,000 after buying an additional 870,045 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Acxiom by 26.2% in the 4th quarter. Arizona State Retirement System now owns 57,016 shares of the information technology services provider’s stock worth $1,571,000 after buying an additional 11,825 shares in the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

A number of equities research analysts have recently issued reports on ACXM shares. Stephens upped their target price on shares of Acxiom from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. They noted that the move was a valuation call. BidaskClub upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. TheStreet upgraded shares of Acxiom from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. BMO Capital Markets upped their target price on shares of Acxiom from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.00.

Shares of Acxiom Co. (NASDAQ ACXM) opened at $27.97 on Friday. The stock has a market cap of $2,210.00, a PE ratio of -215.15, a PEG ratio of 9.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.21. Acxiom Co. has a 12 month low of $21.80 and a 12 month high of $29.75.

Acxiom (NASDAQ:ACXM) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.20. The business had revenue of $234.87 million for the quarter, compared to analyst estimates of $237.36 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. sell-side analysts forecast that Acxiom Co. will post 0.29 earnings per share for the current 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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