Brokerages Set Acxiom Co. (ACXM) PT at $36.33
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.
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.
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.
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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.
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