Citadel Advisors LLC, a global investment management firm headed by Kenneth Griffin boosted its stake in Acxiom Corporation (NASDAQ:ACXM) based on its latest 13G filing with the Securities and Exchange Commission (SEC).

The filing showed that Citadel Advisors LLC and its affiliates beneficially owned 4,006,106 shares or 5.2% stake in Acxiom Corporation (NASDAQ:ACXM). The investment management previously reported 1,292,237 shares in its 13F filing for the June quarter.

Acxiom Corporation (NASDAQ:ACXM) is a technology company engaged in analytics, enterprise data and software-as-a service. The company has $1.31 billion market capitalization.

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Acxiom Corporation’s financial performance

[drizzle]Last month, Acxiom Corporation (NASDAQ:ACXM) reported its financial results for the first-quarter ended June 30. The company posted a 6% decline in revenue from $257.17 million to $242.21 million.

The company recorded $0.08 per share GAAP net loss from continuing operations compared with earnings of $0.17 per share in the same period a year ago.

Acxiom Corporation (NASDAQ:ACXM) said GAAP earnings per share were impacted by unusual items and non-cash compensation expense of $0.21 during the period. The unusual items included expenses related to its restructuring activities, separation and transformation initiatives, and the acquisition of LiveRamp, Inc.

The company expected its revenue from continuing operations to decline by approximately 5% for the fiscal 2015 compared its fiscal 2014. Acxiom Corporation (NASDAQ:ACXM) said the estimated revenue fall was due to the impact of lost IT Infrastructure management customers and the exit of its analog paper survey business in Europe.

The company expected its earnings to be in the range of $0.73 to $0.83 per diluted share based on the adjustment for the 2Touch divestiture.

Stock performance

The shares of Axciom Corporation (NASDAQ:ACXM) closed $16.55 per share, down by 2.68% on Tuesday. Year-to-date, the stock price of the company declined more than 55%.

Business updates

Acxiom Corporation (NASDAQ:ACXM) recently launched a program called AxciomData4Good to leverage its data power for community wellness. According to the company, it will dedicate data and services equivalents to around 1% of its annual revenue for the benefit of meaningful public causes.

Acxiom CEO Scott Howe said, “Our goal is to continuously increase our commitment to the ethical use of data.”

Earlier this month, the company expanded its operations in Austin, Texas. Axciom created 150 positions including network engineers, security engineers, systems engineers, security architects, among others for it new offices in the area.

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