Acxiom Corp. (ACXM) Receives Buy Rating from Cantor Fitzgerald
“Acxiom’s LiveRamp entered into definitive agreements to acquire Arbor and Circulate for ~$140M (14x EBITDA), increasing the scale of LiveRamp’s.”,” Cantor Fitzgerald’s analyst wrote.
A number of other research analysts also recently issued reports on ACXM. Zacks Investment Research downgraded Acxiom Corp. from a buy rating to a hold rating in a report on Friday, November 11th. Dougherty & Co increased their price target on Acxiom Corp. from $33.00 to $36.00 and gave the company a buy rating in a research report on Friday. William Blair reissued an outperform rating on shares of Acxiom Corp. in a research report on Wednesday, August 10th. BMO Capital Markets raised Acxiom Corp. from a market perform rating to an outperform rating and raised their price objective for the company from $23.00 to $28.00 in a research report on Friday, August 5th. Finally, First Analysis cut Acxiom Corp. from an overweight rating to an equal weight rating and set a $30.00 price objective for the company. in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Acxiom Corp. currently has a consensus rating of Buy and an average target price of $31.00.
Acxiom Corp. (NASDAQ:ACXM) traded down 0.86% during midday trading on Friday, reaching $26.64. The company had a trading volume of 45,565 shares. Acxiom Corp. has a 52-week low of $17.32 and a 52-week high of $27.38. The company’s 50-day moving average is $25.28 and its 200 day moving average is $23.95. The company has a market cap of $2.06 billion, a PE ratio of 263.76 and a beta of 1.13.
Acxiom Corp. (NASDAQ:ACXM) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping 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 earned $217 million during the quarter, compared to the consensus estimate of $216.47 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Acxiom Corp. will post $0.61 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. purchased a new stake in Acxiom Corp. during the third quarter valued at $216,000. Ameritas Investment Partners Inc. increased its position in shares of Acxiom Corp. by 65.9% in the third quarter. Ameritas Investment Partners Inc. now owns 30,352 shares of the company’s stock valued at $809,000 after buying an additional 12,061 shares during the last quarter. Kernodle & Katon Asset Management Group LLC increased its position in shares of Acxiom Corp. by 1,348.0% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 46,872 shares of the company’s stock valued at $1,249,000 after buying an additional 43,635 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Acxiom Corp. by 4.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 953,269 shares of the company’s stock valued at $25,405,000 after buying an additional 40,749 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Acxiom Corp. during the third quarter valued at approximately $4,173,000. 97.65% of the stock is currently owned by institutional investors.
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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