At the moment, there are tons of gauges market participants can use to track Mr. Market. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outperform their index-focused peers by a healthy margin (see just how much).
Equally as necessary, bullish insider trading sentiment is a second way to look at the marketplace. Obviously, there are many reasons for a corporate insider to sell shares of his or her company, but only one, very simple reason why they would behave bullishly. Various empirical studies have demonstrated the impressive potential of this tactic if piggybackers understand where to look (learn more here).
What’s more, it’s important to study the newest info for Acxiom Corporation (NASDAQ:ACXM).
How have hedgies been trading Acxiom Corporation (NASDAQ:ACXM)?
Heading into Q3, a total of 21 of the hedge funds we track were bullish in this stock, a change of 40% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were increasing their holdings considerably.
Consequently, specific money managers were leading the bulls’ herd. Daruma Asset Management, managed by Mariko Gordon, assembled the biggest position in Acxiom Corporation (NASDAQ:ACXM). Daruma Asset Management had 83.9 million invested in the company at the end of the quarter. Michael Doheny’s Freshford Capital Management also made a $46.7 million investment in the stock during the quarter. The following funds were also among the new ACXM investors: D. E. Shaw’s D E Shaw, Thomas Ellis and Todd Hammer’s North Run Capital, and Jim Simons’s Renaissance Technologies.
Insider trading activity in Acxiom Corporation (NASDAQ:ACXM)
Legal insider trading, particularly when it’s bullish, is particularly usable when the company we’re looking at has seen transactions within the past six months. Over the last 180-day time period, Acxiom Corporation (NASDAQ:ACXM) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Acxiom Corporation (NASDAQ:ACXM). These stocks are Radware Ltd. (NASDAQ:RDWR), Syntel, Inc. (NASDAQ:SYNT), Unisys Corporation (NYSE:UIS), EPAM Systems Inc (NYSE:EPAM), and iGATE Corporation (NASDAQ:IGTE). This group of stocks belong to the information technology services industry and their market caps are similar to ACXM’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Radware Ltd. (NASDAQ:RDWR) | 13 | 0 | 0 |
| Syntel, Inc. (NASDAQ:SYNT) | 12 | 0 | 0 |
| Unisys Corporation (NYSE:UIS) | 16 | 0 | 0 |
| EPAM Systems Inc (NYSE:EPAM) | 5 | 0 | 0 |
| iGATE Corporation (NASDAQ:IGTE) | 9 | 0 | 0 |
Using the returns shown by our strategies, average investors must always watch hedge fund and insider trading activity, and Acxiom Corporation (NASDAQ:ACXM) applies perfectly to this mantra.
