Acxiom Corporation (NASDAQ:ACXM)‘s stock had its “buy” rating restated by stock analysts at BMO Capital Markets in a research note issued to investors on Sunday, July 16th. They presently have a $32.00 price target on the information technology services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 17.91% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a report on Wednesday, June 14th. Zacks Investment Research raised Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.20.
Shares of Acxiom Corporation (NASDAQ ACXM) traded down 0.33% during trading on Friday, reaching $27.05. The company’s stock had a trading volume of 76,908 shares. The company has a market cap of $2.12 billion, a PE ratio of 541.00 and a beta of 1.24. The firm’s 50-day moving average is $26.25 and its 200 day moving average is $27.39. Acxiom Corporation has a 52-week low of $22.60 and a 52-week high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last released its quarterly earnings data on Tuesday, May 16th. The information technology services provider reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Acxiom Corporation had a return on equity of 3.80% and a net margin of 0.47%. The company had revenue of $224.87 million for the quarter, compared to the consensus estimate of $221.96 million. During the same quarter last year, the business posted $0.18 EPS. Acxiom Corporation’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Acxiom Corporation will post $0.82 EPS for the current fiscal year.
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In related news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the transaction, the director now directly owns 80,506 shares of the company’s stock, valued at approximately $2,080,275.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.54% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its position in Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock valued at $124,000 after buying an additional 28 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock worth $151,000 after buying an additional 34 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Acxiom Corporation by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after buying an additional 1,050 shares during the last quarter. potrero capital research llc purchased a new stake in shares of Acxiom Corporation during the first quarter worth approximately $188,000. Finally, ING Groep NV purchased a new stake in shares of Acxiom Corporation during the second quarter worth approximately $248,000. 96.10% of the stock is owned by hedge funds and other institutional investors.
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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