Zacks Investment Research Downgrades Acxiom Co. (ACXM) to Hold
Acxiom Co. (NASDAQ:ACXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Acxiom Corp reported relatively healthy second-quarter fiscal 2017 results on the back of successful execution of operational plans. The company has emerged as a formidable player in the field of marketing services and technology over the years. With continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. Acxiom continues to reposition its portfolio by divesting assets that no longer fit its corporate strategy. Additionally, the company’s newly-introduced customized product range is successfully catering to the needs of its clients. However, the company operates in a competitive landscape that is becoming more complex with low barriers to entry. In addition, strength in U.S. dollar, and soft macroeconomic conditions across the globe are a matter of concern.”
Other analysts have also recently issued reports about the company. William Blair restated an “outperform” rating on shares of Acxiom in a report on Wednesday, August 10th. Dougherty & Co upped their target price on Acxiom from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 5th. BMO Capital Markets upgraded Acxiom from a “market perform” rating to an “outperform” rating and upped their target price for the company from $23.00 to $28.00 in a report on Friday, August 5th. Finally, Cantor Fitzgerald assumed coverage on Acxiom in a report on Wednesday, September 14th. They issued a “buy” rating and a $31.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.75.
Shares of Acxiom (NASDAQ:ACXM) opened at 26.98 on Friday. Acxiom has a one year low of $17.32 and a one year high of $27.38. The firm has a market capitalization of $2.09 billion, a P/E ratio of 267.13 and a beta of 1.13. The firm’s 50-day moving average is $25.31 and its 200 day moving average is $23.86.
Acxiom (NASDAQ:ACXM) last released its quarterly earnings results on Monday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $217 million for the quarter, compared to analysts’ expectations of $216.47 million. Acxiom had a return on equity of 3.47% and a net margin of 0.93%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. Equities research analysts predict that Acxiom will post $0.60 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors Inc. raised its position in shares of Acxiom by 2.6% in the first quarter. Teachers Advisors Inc. now owns 116,687 shares of the company’s stock valued at $2,502,000 after buying an additional 2,956 shares during the period. Prudential Financial Inc. raised its position in shares of Acxiom by 8.7% in the first quarter. Prudential Financial Inc. now owns 54,299 shares of the company’s stock valued at $1,165,000 after buying an additional 4,358 shares during the period. BlackRock Inc. raised its position in shares of Acxiom by 6.8% in the first quarter. BlackRock Inc. now owns 33,421 shares of the company’s stock valued at $717,000 after buying an additional 2,135 shares during the period. BlackRock Group LTD raised its position in shares of Acxiom by 20.6% in the first quarter. BlackRock Group LTD now owns 55,324 shares of the company’s stock valued at $1,186,000 after buying an additional 9,457 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Acxiom by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,346 shares of the company’s stock valued at $48,590,000 after buying an additional 43,115 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Acxiom Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Co. and related stocks with our FREE daily email newsletter.