Acxiom Corp. (ACXM) Downgraded to Equal at First Analysis
Acxiom Corp. (NASDAQ:ACXM) was downgraded by research analysts at First Analysis from an “overweight” rating to an “equal” rating in a research note issued on Friday. They currently have a $30.00 price objective on the stock. First Analysis’ price objective suggests a potential upside of 10.66% from the stock’s current price.
Several other brokerages also recently issued reports on ACXM. Zacks Investment Research downgraded shares of Acxiom Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Cantor Fitzgerald assumed coverage on Acxiom Corp. in a research note on Wednesday, September 14th. They set a “buy” rating and a $31.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Acxiom Corp. in a research note on Wednesday, August 10th. BMO Capital Markets upgraded Acxiom Corp. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $23.00 to $28.00 in a research note on Friday, August 5th. Finally, Dougherty & Co increased their target price on Acxiom Corp. from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.80.
Acxiom Corp. (NASDAQ:ACXM) opened at 27.11 on Friday. Acxiom Corp. has a 52 week low of $17.32 and a 52 week high of $27.38. The firm has a market capitalization of $2.10 billion, a PE ratio of 268.42 and a beta of 1.13. The firm has a 50-day moving average of $25.32 and a 200 day moving average of $23.93.
Acxiom Corp. (NASDAQ:ACXM) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Acxiom Corp. had a net margin of 0.93% and a return on equity of 3.47%. The company earned $217 million during the quarter, compared to the consensus estimate of $216.47 million. During the same quarter last year, the company earned $0.14 earnings per share. Acxiom Corp.’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts predict that Acxiom Corp. will post $0.61 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Societe Generale purchased a new position in shares of Acxiom Corp. during the second quarter valued at about $449,000. Oregon Public Employees Retirement Fund boosted its position in shares of Acxiom Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,922 shares of the company’s stock valued at $570,000 after buying an additional 630 shares during the period. Kalmar Investments Inc. DE boosted its position in shares of Acxiom Corp. by 8.4% in the second quarter. Kalmar Investments Inc. DE now owns 2,242,986 shares of the company’s stock valued at $49,323,000 after buying an additional 172,889 shares during the period. Bank of Montreal Can purchased a new position in shares of Acxiom Corp. during the second quarter valued at about $272,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Acxiom Corp. during the second quarter valued at about $598,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.
Acxiom Corp. 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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