Acxiom Corp. (ACXM) Price Target Increased to $36.00 by Analysts at Dougherty & Co
ACXM has been the subject of a number of other research reports. Zacks Investment Research upgraded Acxiom Corp. from a hold rating to a buy rating and set a $28.00 price objective for the company in a research note on Thursday, October 20th. Cantor Fitzgerald began coverage on Acxiom Corp. in a research note on Wednesday, September 14th. They set a buy rating and a $31.00 price target for the company. BMO Capital Markets upgraded Acxiom Corp. from a market perform rating to an outperform rating and increased their price target for the stock from $23.00 to $28.00 in a research note on Friday, August 5th. William Blair reiterated an outperform rating on shares of Acxiom Corp. in a research note on Wednesday, August 10th. Finally, First Analysis downgraded Acxiom Corp. from an overweight rating to an equal weight rating and set a $30.00 price target for the company. in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $31.00.
Acxiom Corp. (NASDAQ:ACXM) traded down 0.63% on Friday, reaching $26.70. The company had a trading volume of 39,983 shares. The stock’s 50-day moving average price is $25.28 and its 200-day moving average price is $23.95. Acxiom Corp. has a 12-month low of $17.32 and a 12-month high of $27.38. The stock has a market capitalization of $2.07 billion, a P/E ratio of 264.36 and a beta of 1.13.
Acxiom Corp. (NASDAQ:ACXM) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The firm earned $217 million during the quarter, compared to the consensus estimate of $216.47 million. Acxiom Corp. had a return on equity of 3.47% and a net margin of 0.93%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, equities research analysts anticipate that Acxiom Corp. will post $0.61 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Acxiom Corp. by 2.1% in the first quarter. State Street Corp now owns 2,391,900 shares of the company’s stock worth $51,284,000 after buying an additional 49,798 shares during the period. Kalmar Investments Inc. DE boosted its stake 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 worth $49,323,000 after buying an additional 172,889 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Acxiom Corp. by 2.7% in the second quarter. Victory Capital Management Inc. now owns 2,078,700 shares of the company’s stock worth $45,710,000 after buying an additional 54,925 shares during the period. Prudential Financial Inc. boosted its stake in shares of Acxiom Corp. by 8.7% in the first quarter. Prudential Financial Inc. now owns 54,299 shares of the company’s stock worth $1,165,000 after buying an additional 4,358 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Acxiom Corp. by 2.5% in the second quarter. Nationwide Fund Advisors now owns 190,884 shares of the company’s stock worth $4,198,000 after buying an additional 4,678 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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