Acxiom Corp. (NASDAQ:ACXM) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of approx $0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $865-875 million, compared to the consensus revenue estimate of $870.57 million.

Several research analysts have recently weighed in on the company. William Blair reaffirmed an outperform rating on shares of Acxiom Corp. in a research note on Wednesday, August 10th. Zacks Investment Research downgraded Acxiom Corp. from a buy rating to a hold rating in a research note on Friday, November 11th. Dougherty & Co upped their target price on Acxiom Corp. from $28.00 to $35.00 and gave the stock a buy rating in a research note on Friday, August 5th. BMO Capital Markets raised Acxiom Corp. from a market perform rating to an outperform rating and upped their target price for the stock from $23.00 to $28.00 in a research note on Friday, August 5th. Finally, Cantor Fitzgerald initiated 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $30.75.

Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 27.11 on Friday. The stock has a market capitalization of $2.10 billion, a PE ratio of 268.42 and a beta of 1.13. Acxiom Corp. has a 12 month low of $17.32 and a 12 month high of $27.38. The company’s 50 day moving average price is $25.32 and its 200 day moving average price is $23.93.

Acxiom Corp. (NASDAQ:ACXM) last announced its earnings results on Monday, November 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. Acxiom Corp. had a return on equity of 3.47% and a net margin of 0.93%. The company had revenue of $217 million for the quarter, compared to the consensus estimate of $216.47 million. During the same period last year, the business posted $0.14 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that Acxiom Corp. will post $0.61 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in shares of Acxiom Corp. by 2.8% in the second quarter. BlackRock Fund Advisors now owns 3,871,138 shares of the company’s stock valued at $85,126,000 after buying an additional 105,097 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Acxiom Corp. by 3.6% in the second quarter. Lord Abbett & CO. LLC now owns 3,371,499 shares of the company’s stock valued at $74,139,000 after buying an additional 118,093 shares during the period. State Street Corp increased its position in shares of Acxiom Corp. by 0.4% in the second quarter. State Street Corp now owns 2,402,129 shares of the company’s stock valued at $52,824,000 after buying an additional 10,229 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Acxiom Corp. by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,275,086 shares of the company’s stock valued at $50,029,000 after buying an additional 8,740 shares during the period. Finally, King Luther Capital Management Corp increased its position in shares of Acxiom Corp. by 42.6% in the second quarter. King Luther Capital Management Corp now owns 573,597 shares of the company’s stock valued at $12,613,000 after buying an additional 171,349 shares during the period. Institutional investors own 95.63% of the company’s stock.

About Acxiom Corp.

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.

5 Day Chart for NASDAQ:ACXM

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