Acxiom Corporation’s (ACXM) “Buy” Rating Reaffirmed at Cantor Fitzgerald
Cantor Fitzgerald restated their buy rating on shares of Acxiom Corporation (NASDAQ:ACXM) in a research report sent to investors on Thursday. They currently have a $35.00 price objective on the information technology services provider’s stock.
ACXM has been the subject of a number of other research reports. BMO Capital Markets reissued a buy rating and issued a $32.00 price objective on shares of Acxiom Corporation in a research note on Sunday, July 16th. Zacks Investment Research raised Acxiom Corporation from a sell rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub raised Acxiom Corporation from a strong sell rating to a sell rating in a research note on Wednesday, July 19th. Finally, Dougherty & Co reissued a buy rating on shares of Acxiom Corporation in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $33.25.
Shares of Acxiom Corporation (NASDAQ ACXM) traded down $0.76 during mid-day trading on Thursday, reaching $26.59. The company’s stock had a trading volume of 852,833 shares, compared to its average volume of 432,725. The company has a market capitalization of $2,120.00, a P/E ratio of 113.96, a P/E/G ratio of 5.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.27 and a current ratio of 2.23. Acxiom Corporation has a 1-year low of $21.80 and a 1-year high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The business had revenue of $225.24 million during the quarter, compared to the consensus estimate of $222.05 million. Acxiom Corporation had a positive return on equity of 2.61% and a negative net margin of 1.31%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. research analysts predict that Acxiom Corporation will post 0.34 EPS for the current year.
In other news, CFO Warren Jenson acquired 10,000 shares of Acxiom Corporation stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $22.09 per share, with a total value of $220,900.00. Following the completion of the purchase, the chief financial officer now owns 377,415 shares of the company’s stock, valued at approximately $8,337,097.35. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.54% of the company’s stock.
Large investors have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new position in shares of Acxiom Corporation during the second quarter valued at approximately $119,000. Riverhead Capital Management LLC boosted its position in shares of Acxiom Corporation by 73.9% during the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 1,994 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Acxiom Corporation by 20.5% during the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock valued at $160,000 after buying an additional 1,050 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Acxiom Corporation during the second quarter valued at approximately $213,000. Finally, Quantbot Technologies LP boosted its position in shares of Acxiom Corporation by 384.9% during the second quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock valued at $229,000 after buying an additional 7,005 shares during the last quarter. 95.42% of the stock is currently owned by institutional investors.
Acxiom Corporation 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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