Is Acxiom Corporation (ACXM) A Good Stock To Buy?

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Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dropped their entire stakes in the stock during the third quarter. Intriguingly, Joseph A. Jolson’s Harvest Capital Strategies dropped the largest position of the “upper crust” of funds tracked by Insider Monkey, worth about $6 million in stock. Marc Majzner’s fund, Clearline Capital, also dropped its stock, about $1.7 million worth.

Let’s also examine hedge fund activity in other stocks similar to Acxiom Corporation (NASDAQ:ACXM). We will take a look at Monogram Residential Trust Inc (NYSE:MORE), WPP PLC (ADR) (NASDAQ:WPPGY), Revlon Inc (NYSE:REV), and FleetMatics Group PLC (NYSE:FLTX). This group of stocks’ market valuations resemble ACXM’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MORE 12 22361 0
WPPGY 10 119015 1
REV 9 15659 0
FLTX 27 565107 16

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $181 million. That figure was $230 million in ACXM’s case. FleetMatics Group PLC (NYSE:FLTX) is the most popular stock in this table. On the other hand Revlon Inc (NYSE:REV) is the least popular one with only 9 bullish hedge fund positions. Acxiom Corporation (NASDAQ:ACXM) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FLTX might be a better candidate to consider taking a long position in.

Disclosure: None

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