JPMorgan Chase & Co. cut its stake in shares of Acxiom Co. (NASDAQ:ACXM) by 13.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,651 shares of the information technology services provider’s stock after selling 16,962 shares during the period. JPMorgan Chase & Co. owned 0.14% of Acxiom worth $2,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACXM. Bank of New York Mellon Corp grew its stake in shares of Acxiom by 165.9% during the 3rd 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 buying an additional 3,327,468 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of Acxiom during the 3rd quarter valued at $26,754,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Acxiom during the 3rd quarter valued at $23,251,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Acxiom by 32.7% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,169,345 shares of the information technology services provider’s stock valued at $28,812,000 after buying an additional 288,010 shares during the period. Finally, Investment Counselors of Maryland LLC grew its stake in shares of Acxiom by 49.2% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 721,589 shares of the information technology services provider’s stock valued at $17,780,000 after buying an additional 237,875 shares during the period. 98.01% of the stock is owned by institutional investors.

Shares of Acxiom Co. (NASDAQ ACXM) opened at $28.11 on Friday. 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 Co. has a 12-month low of $21.80 and a 12-month high of $30.40. The firm has a market cap of $2,230.00, a price-to-earnings ratio of -187.40, a P/E/G ratio of 5.46 and a beta of 1.29.

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

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, November 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $33.00 price target on shares of Acxiom in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Acxiom currently has an average rating of “Hold” and a consensus price target of $32.33.

TRADEMARK VIOLATION NOTICE: This piece was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://theolympiareport.com/2018/01/06/jpmorgan-chase-co-has-2-67-million-holdings-in-acxiom-co-acxm.html.

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.

Want to see what other hedge funds are holding ACXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acxiom Co. (NASDAQ:ACXM).

Institutional Ownership by Quarter for Acxiom (NASDAQ:ACXM)

Receive News & Ratings for Acxiom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom and related companies with MarketBeat.com's FREE daily email newsletter.