Clearline Capital Lp buys $19,914,728 stake in Acxiom Corporation (ACXM)

Acxiom Corporation (ACXM) : Clearline Capital Lp scooped up 163,661 additional shares in Acxiom Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 790,267 shares of Acxiom Corporation which is valued at $19,914,728.Acxiom Corporation makes up approximately 4.60% of Clearline Capital Lp’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management reduced its stake in ACXM by selling 3,557 shares or 11.81% in the most recent quarter. The Hedge Fund company now holds 26,550 shares of ACXM which is valued at $669,060. Acxiom Corporation makes up approx 0.01% of Gotham Asset Management’s portfolio.Sentinel Asset Management boosted its stake in ACXM in the latest quarter, The investment management firm added 44,155 additional shares and now holds a total of 672,355 shares of Acxiom Corporation which is valued at $16,943,346. Acxiom Corporation makes up approx 0.38% of Sentinel Asset Management’s portfolio.Tiaa Cref Investment Management boosted its stake in ACXM in the latest quarter, The investment management firm added 40,866 additional shares and now holds a total of 285,730 shares of Acxiom Corporation which is valued at $7,200,396. Acxiom Corporation makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Jupiter Asset Management Ltd boosted its stake in ACXM in the latest quarter, The investment management firm added 21,673 additional shares and now holds a total of 225,029 shares of Acxiom Corporation which is valued at $5,670,731. Acxiom Corporation makes up approx 0.23% of Jupiter Asset Management Ltd’s portfolio.

Acxiom Corporation opened for trading at $26.11 and hit $26.3196 on the upside on Thursday, eventually ending the session at $26.21, with a gain of 0.85% or 0.22 points. The heightened volatility saw the trading volume jump to 2,66,721 shares. Company has a market cap of $2,029 M.

On the company’s financial health, Acxiom Corporation reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.09. The company had revenue of $214.80 million for the quarter, compared to analysts expectations of $202.90 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Acxiom Corporation. Company shares were Reiterated by Dougherty & Company on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $28 .Company shares were Upgraded by BMO Capital Markets on Aug 5, 2016 to ” Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $23 .Dougherty & Company Initiated Acxiom Corporation on May 24, 2016 to “Buy”, Price Target of the shares are set at $28.

Acxiom Corporation is an enterprise data analytics and software-as-a-service company. The Company’s operating segments include Marketing and Data Services IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration Consumer Insight Solutions Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services) e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals including financial insurance and investment services automotive retail telecommunications high tech healthcare travel entertainment non-profit and government. It operates in the United States Europe South America and the Asia-Pacific region.

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