Acxiom Co. (ACXM) Holdings Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Acxiom Co. (NASDAQ:ACXM) by 30.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 127,208 shares of the information technology services provider’s stock after selling 55,129 shares during the quarter. New York State Common Retirement Fund’s holdings in Acxiom were worth $2,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ACXM. Schwab Charles Investment Management Inc. grew its position in Acxiom by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 529,882 shares of the information technology services provider’s stock worth $14,604,000 after buying an additional 15,927 shares during the period. American Century Companies Inc. acquired a new position in Acxiom during the fourth quarter worth about $304,000. Teacher Retirement System of Texas acquired a new position in Acxiom during the fourth quarter worth about $748,000. California Public Employees Retirement System grew its position in Acxiom by 12.5% during the fourth quarter. California Public Employees Retirement System now owns 167,583 shares of the information technology services provider’s stock worth $4,619,000 after buying an additional 18,683 shares during the period. Finally, Swiss National Bank grew its position in Acxiom by 4.0% during the fourth quarter. Swiss National Bank now owns 135,700 shares of the information technology services provider’s stock worth $3,740,000 after buying an additional 5,200 shares during the period. Institutional investors own 98.74% of the company’s stock.

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Several brokerages have weighed in on ACXM. BidaskClub lowered shares of Acxiom from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research lowered shares of Acxiom from a “buy” rating to a “sell” rating in a research report on Wednesday, April 4th. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Acxiom in a research report on Monday, April 16th. ValuEngine lowered shares of Acxiom from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Finally, William Blair reiterated a “buy” rating on shares of Acxiom in a research report on Thursday, March 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.40.

ACXM stock opened at $30.02 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 16.66 and a beta of 1.24. Acxiom Co. has a 12 month low of $18.60 and a 12 month high of $32.93. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Acxiom (NASDAQ:ACXM) last released its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $244.80 million for the quarter, compared to analyst estimates of $239.56 million. Acxiom had a net margin of 2.56% and a return on equity of 3.84%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. equities analysts anticipate that Acxiom Co. will post 0.18 EPS for the current fiscal year.

Acxiom Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

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