Acxiom Co. (NASDAQ:ACXM) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $36.33.

Several research firms have recently commented on ACXM. Stephens lifted their price target on Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. They noted that the move was a valuation call. TheStreet upgraded shares of Acxiom from a “c” rating to a “b” rating in a report on Tuesday, February 6th. BMO Capital Markets boosted their price objective on shares of Acxiom from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Acxiom from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Acxiom from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

How to Become a New Pot Stock Millionaire

Acxiom stock traded down $0.47 during midday trading on Friday, hitting $31.56. The stock had a trading volume of 457,545 shares, compared to its average volume of 571,244. Acxiom has a fifty-two week low of $21.80 and a fifty-two week high of $32.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market cap of $2,551.57, a price-to-earnings ratio of 263.00, a PEG ratio of 11.11 and a beta of 1.19.

Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The business had revenue of $234.87 million for the quarter, compared to analyst estimates of $237.36 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts expect that Acxiom will post 0.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in Acxiom in the 4th quarter valued at about $214,000. MetLife Investment Advisors LLC purchased a new stake in Acxiom during the fourth quarter worth about $2,417,000. Pacific Grove Capital LP purchased a new stake in Acxiom during the fourth quarter worth about $2,067,000. Jane Street Group LLC purchased a new stake in Acxiom during the fourth quarter worth about $300,000. Finally, Millennium Management LLC increased its stake in Acxiom by 169.9% during the fourth quarter. Millennium Management LLC now owns 154,254 shares of the information technology services provider’s stock worth $4,251,000 after purchasing an additional 97,104 shares during the period. Hedge funds and other institutional investors own 98.81% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokerages Set Acxiom Co. (ACXM) PT at $36.33” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/brokerages-set-acxiom-co-acxm-pt-at-36-33/1954463.html.

About Acxiom

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

Analyst Recommendations for Acxiom (NASDAQ:ACXM)

Receive News & Ratings for Acxiom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom and related companies with MarketBeat.com's FREE daily email newsletter.