Brokerages Set Acxiom Corp. (ACXM) Price Target at $31.25
Shares of Acxiom Corp. (NASDAQ:ACXM) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.50.
Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $32.00 target price on shares of Acxiom Corp. in a report on Friday. Dougherty & Co raised their target price on shares of Acxiom Corp. from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday. First Analysis cut shares of Acxiom Corp. from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a report on Friday. Zacks Investment Research cut shares of Acxiom Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Finally, William Blair restated an “outperform” rating on shares of Acxiom Corp. in a report on Wednesday, August 10th.
Acxiom Corp. (NASDAQ:ACXM) opened at 26.87 on Friday. Acxiom Corp. has a 52 week low of $17.32 and a 52 week high of $27.38. The company has a market capitalization of $2.08 billion, a PE ratio of 266.04 and a beta of 1.13. The stock has a 50 day moving average price of $25.33 and a 200-day moving average price of $23.97.
Acxiom Corp. (NASDAQ:ACXM) last issued its earnings results on Monday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping 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 had revenue of $217 million for the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Acxiom Corp. will post $0.61 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Acxiom Corp. by 68.8% in the second quarter. LS Investment Advisors LLC now owns 4,647 shares of the company’s stock valued at $102,000 after buying an additional 1,894 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Acxiom Corp. during the third quarter valued at approximately $121,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Acxiom Corp. during the third quarter valued at approximately $210,000. Independent Portfolio Consultants Inc. increased its stake in shares of Acxiom Corp. by 890.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,975 shares of the company’s stock valued at $213,000 after buying an additional 7,170 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Acxiom Corp. during the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 97.65% 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.
Receive News & Stock Ratings for Acxiom Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Corp. and related stocks with our FREE daily email newsletter.