Acxiom (NASDAQ:ACXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Acxiom provides solutions that make it easier for marketers to deliver relevant messages at scale and tie those messages back to actual results. Acxiom is gaining on robust performance from the Connectivity segment. With continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. IdentityLink has gained significant traction within a short-span of time, which improves company's growth prospects. Acxiom recently partnered with 4INFO aimed at generating location-specific target audience segments. We believe that the recent partnership will add another feather in Acxiom’s cap. Moreover, expanding customer base is significantly positive in our view. Nevertheless, we note that the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Notably, the stock has underperformed the industry on a year-to-date basis.”

ACXM has been the subject of a number of other reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 target price on shares of Acxiom in a report on Thursday, November 2nd. Dougherty & Co reiterated a “buy” rating on shares of Acxiom in a report on Thursday, August 17th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Acxiom in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.33.

Acxiom (ACXM) opened at $27.40 on Tuesday. Acxiom has a 1 year low of $21.80 and a 1 year high of $30.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $2,157.83, a PE ratio of 113.50, a PEG ratio of 5.24 and a beta of 1.30.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The company had revenue of $225.24 million during the quarter, compared to the consensus estimate of $222.05 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. research analysts predict that Acxiom will post 0.35 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. ETF Managers Group LLC bought a new stake in Acxiom in the second quarter worth approximately $119,000. Riverhead Capital Management LLC increased its holdings in Acxiom by 73.9% in the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 1,994 shares in the last quarter. Shelton Capital Management bought a new stake in Acxiom in the second quarter worth approximately $213,000. Quantbot Technologies LP increased its holdings in Acxiom by 384.9% in the second quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock worth $229,000 after purchasing an additional 7,005 shares in the last quarter. Finally, Cipher Capital LP bought a new stake in shares of Acxiom during the third quarter valued at approximately $262,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

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About Acxiom

Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.

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