The stock of Acxiom Corporation (NASDAQ:ACXM) is a huge mover today! The stock increased 7.79% or $1.77 during the last trading session, hitting $24.49. About 574,692 shares traded hands or 111.82% up from the average. Acxiom Corporation (NASDAQ:ACXM) has risen 5.58% since April 5, 2016 and is uptrending. It has outperformed by 3.62% the S&P500.
The move comes after 6 months positive chart setup for the $1.90 billion company. It was reported on Nov, 7 by Barchart.com. We have $38.20 PT which if reached, will make NASDAQ:ACXM worth $1.06B more.
Acxiom Corporation (NASDAQ:ACXM) Ratings Coverage
Out of 4 analysts covering Acxiom Corporation (NASDAQ:ACXM), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Acxiom Corporation has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. William Blair initiated Acxiom Corporation (NASDAQ:ACXM) on Wednesday, June 1 with “Outperform” rating. The stock of Acxiom Corporation (NASDAQ:ACXM) earned “Outperform” rating by BMO Capital Markets on Friday, August 5. The firm has “Buy” rating by Cantor Fitzgerald given on Thursday, September 15. Dougherty & Company initiated the stock with “Buy” rating in Tuesday, May 24 report. The company was maintained on Friday, February 5 by BMO Capital Markets. As per Friday, August 5, the company rating was maintained by Dougherty & Company.
According to Zacks Investment Research, “Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom’s innovative solutions are Customer Data Integration technology, data, database services, IT outsourcing, consulting and analytics, and privacy leadership. Acxiom integrates data, services and technology to create innovative, real-time solutions that improve your customer relationships and grow your bottom line. In a complicated IT world, we make it simple.”
Insitutional Activity: The institutional sentiment decreased to 1.37 in 2016 Q2. Its down 0.20, from 1.57 in 2016Q1. The ratio dropped, as 21 funds sold all Acxiom Corporation shares owned while 39 reduced positions. 17 funds bought stakes while 65 increased positions. They now own 71.06 million shares or 3.13% less from 73.35 million shares in 2016Q1.
Nuveen Asset Management Ltd Liability Company has 36,141 shares for 0% of their US portfolio. Moreover, Blair William Il has 0.01% invested in Acxiom Corporation (NASDAQ:ACXM) for 62,780 shares. Waddell And Reed Fincl holds 0.53% of its portfolio in Acxiom Corporation (NASDAQ:ACXM) for 11.42M shares. The New York-based Morgan Stanley has invested 0% in Acxiom Corporation (NASDAQ:ACXM). Ahl Partners Limited Liability Partnership holds 82,319 shares or 0.1% of its portfolio. Invesco Limited reported 217,689 shares or 0% of all its holdings. Invest Counselors Of Maryland Limited Liability accumulated 671,514 shares or 0.81% of the stock. Clearline Cap Ltd Partnership has 0.34% invested in the company for 78,497 shares. Gotham Asset Mngmt Llc holds 0.01% or 26,550 shares in its portfolio. Moreover, Kalmar Invests Inc De has 2.18% invested in Acxiom Corporation (NASDAQ:ACXM) for 2.24M shares. Goldman Sachs Inc holds 0% of its portfolio in Acxiom Corporation (NASDAQ:ACXM) for 95,067 shares. Independent Portfolio Consultants holds 0.01% of its portfolio in Acxiom Corporation (NASDAQ:ACXM) for 805 shares. Louisiana State Employees Retirement Systems owns 20,600 shares or 0.02% of their US portfolio. Jupiter Asset Limited holds 0.19% or 225,029 shares in its portfolio. Texas Permanent School Fund holds 0.02% or 59,277 shares in its portfolio.
Insider Transactions: Since May 20, 2016, the stock had 1 insider buy, and 2 sales for $1.24 million net activity. On Friday, May 20 BATTELLE JOHN L. bought $24,981 worth of the stock or 1,251 shares. $586,216 worth of Acxiom Corporation (NASDAQ:ACXM) was sold by May S. Travis.
More important recent Acxiom Corporation (NASDAQ:ACXM) news were published by: Nytimes.com which released: “Technology|Mapping, and Sharing, the Consumer Genome” on June 16, 2012, also Seekingalpha.com published article titled: “Clinton-linked Acxiom +6.1% as Cantor reiterates Buy”, Nytimes.com published: “Acxiom Lets Consumers See Data It Collects” on September 05, 2013. More interesting news about Acxiom Corporation (NASDAQ:ACXM) was released by: Fool.com and their article: “Why Acxiom Corp. Shares Sank on Wednesday” with publication date: May 18, 2016.
ACXM Company Profile
Acxiom Corporation (Acxiom), incorporated on October 28, 1983, is a technology and enablement services company. The Firm operates through three business divisions: Marketing Services, Audience Solutions, and Connectivity. The Firm serves a global client base from locations in the United States, Europe and the Asia-Pacific region. The Company’s client base includes organizations in these regions across industry verticals, including financial, insurance and investment services, automotive, retail, telecommunications, healthcare, travel, entertainment, non-profit and government.
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