Acxiom Corporation (ACXM) Given Buy Rating at BMO Capital Markets
BMO Capital Markets reiterated their buy rating on shares of Acxiom Corporation (NASDAQ:ACXM) in a research report report published on Wednesday morning. The firm currently has a $32.00 price objective on the information technology services provider’s stock.
A number of other research analysts also recently commented on ACXM. Zacks Investment Research downgraded shares of Acxiom Corporation from a hold rating to a sell rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Acxiom Corporation from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Dougherty & Co reiterated a buy rating on shares of Acxiom Corporation in a research note on Thursday, August 17th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $33.00 price objective on shares of Acxiom Corporation in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $32.33.
Acxiom Corporation (NASDAQ ACXM) opened at $26.95 on Wednesday. The firm has a market cap of $2,100.00, a price-to-earnings ratio of 110.46, a PEG ratio of 5.05 and a beta of 1.28. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. Acxiom Corporation has a 52 week low of $21.80 and a 52 week high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom Corporation had a negative net margin of 1.31% and a positive return on equity of 2.61%. The firm had revenue of $225.24 million for the quarter, compared to the consensus estimate of $222.05 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. analysts anticipate that Acxiom Corporation will post 0.35 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Acxiom Corporation by 165.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock worth $131,407,000 after acquiring an additional 3,327,468 shares during the period. TimesSquare Capital Management LLC acquired a new position in Acxiom Corporation during the 3rd quarter valued at about $26,754,000. Fuller & Thaler Asset Management Inc. acquired a new position in Acxiom Corporation during the 3rd quarter valued at about $23,251,000. Bamco Inc. NY increased its stake in Acxiom Corporation by 28.4% during the 3rd quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock valued at $70,552,000 after buying an additional 632,649 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in Acxiom Corporation by 424.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 701,173 shares of the information technology services provider’s stock valued at $18,230,000 after buying an additional 567,559 shares during the period. Institutional investors own 95.04% of the company’s stock.
Acxiom Corporation Company Profile
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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