Rgm Capital Lifted Holding in Acxiom (ACXM) by $31.03 Million as Share Value Declined; Hgk Asset Management Cut Its Bank Of America Cor (BAC) Position by $2.94 Million

January 13, 2018 - By Ellis Scott

Robert G. Moses increased its stake in Acxiom Corp (ACXM) by 39.69% based on its latest 2017Q3 regulatory filing with the SEC. Rgm Capital Llc bought 1.29M shares as the company’s stock declined 11.99% while stock markets rallied. The hedge fund run by Robert G. Moses held 4.55M shares of the edp services company at the end of 2017Q3, valued at $112.14 million, up from 3.26M at the end of the previous reported quarter. Rgm Capital Llc who had been investing in Acxiom Corp for a number of months, seems to be bullish on the $2.23 billion market cap company. The stock increased 0.14% or $0.04 during the last trading session, reaching $28.13. About 222,611 shares traded. Acxiom Corporation (NASDAQ:ACXM) has risen 34.36% since January 13, 2017 and is uptrending. It has outperformed by 17.66% the S&P500.

Hgk Asset Management Inc decreased its stake in Bank Of America Cor (BAC) by 20.58% based on its latest 2017Q3 regulatory filing with the SEC. Hgk Asset Management Inc sold 117,708 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 454,191 shares of the major banks company at the end of 2017Q3, valued at $11.51 million, down from 571,899 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in Bank Of America Cor for a number of months, seems to be less bullish one the $325.33B market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment increased to 1.55 in 2017 Q3. Its up 0.11, from 1.44 in 2017Q2. It is positive, as 23 investors sold ACXM shares while 43 reduced holdings. 26 funds opened positions while 76 raised stakes. 72.72 million shares or 3.59% more from 70.20 million shares in 2017Q2 were reported. New York State Common Retirement Fund holds 151,394 shares. Stifel Financial Corp owns 0% invested in Acxiom Corporation (NASDAQ:ACXM) for 53,300 shares. Neuberger Berman Grp Limited Liability Company, a New York-based fund reported 1.68M shares. Falcon Point Cap Ltd Liability Co reported 510,156 shares. Moreover, Contravisory Mgmt has 0.06% invested in Acxiom Corporation (NASDAQ:ACXM). Moreover, Aperio Gru Ltd Liability has 0.01% invested in Acxiom Corporation (NASDAQ:ACXM) for 58,431 shares. Moreover, Employees Retirement Association Of Colorado has 0% invested in Acxiom Corporation (NASDAQ:ACXM). Moreover, Citigroup has 0% invested in Acxiom Corporation (NASDAQ:ACXM). 16,790 were reported by Guggenheim Capital. Retirement Systems Of Alabama reported 102,765 shares stake. Brown Advisory Inc owns 1.51M shares or 0.12% of their US portfolio. Metropolitan Life Insurance Ny, a New York-based fund reported 126,396 shares. Legal And General Group Plc holds 69,971 shares or 0% of its portfolio. Arrowmark Colorado Holdg Ltd Liability Com invested in 0.11% or 401,645 shares. 174,599 were accumulated by Manufacturers Life Ins The.

Rgm Capital Llc, which manages about $775.24 million and $968.49 million US Long portfolio, decreased its stake in Lam Research Corp (NASDAQ:LRCX) by 80,000 shares to 442,062 shares, valued at $81.80 million in 2017Q3, according to the filing. It also reduced its holding in Entegris Inc (NASDAQ:ENTG) by 300,000 shares in the quarter, leaving it with 1.93M shares, and cut its stake in Verint Systems Inc (NASDAQ:VRNT).

Among 5 analysts covering Acxiom Corporation (NASDAQ:ACXM), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Acxiom Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated it with “Buy” rating and $31 target in Thursday, September 15 report. Dougherty & Company initiated Acxiom Corporation (NASDAQ:ACXM) rating on Tuesday, May 24. Dougherty & Company has “Buy” rating and $28 target. On Wednesday, November 22 the stock rating was maintained by BMO Capital Markets with “Buy”. Cantor Fitzgerald maintained the shares of ACXM in report on Tuesday, October 31 with “Buy” rating. On Friday, November 18 the stock rating was downgraded by First Analysis to “Equal-Weight”. Cantor Fitzgerald maintained the shares of ACXM in report on Friday, September 22 with “Buy” rating. BMO Capital Markets maintained Acxiom Corporation (NASDAQ:ACXM) on Thursday, July 13 with “Buy” rating. As per Friday, August 5, the company rating was upgraded by BMO Capital Markets. The firm has “Buy” rating given on Friday, August 5 by Dougherty & Company. As per Friday, November 18, the company rating was maintained by Dougherty & Company.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 EPS, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80 billion for 16.95 P/E if the $0.46 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Since August 10, 2017, it had 0 insider buys, and 1 sale for $2.10 million activity.

Hgk Asset Management Inc, which manages about $4.73B and $703.78M US Long portfolio, upped its stake in Devon Energy Corp. (NYSE:DVN) by 11,750 shares to 369,580 shares, valued at $13.57 million in 2017Q3, according to the filing. It also increased its holding in Capital One Financi (NYSE:COF) by 9,912 shares in the quarter, for a total of 164,446 shares, and has risen its stake in Newell Rubbermaid I (NYSE:NWL).

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