Acxiom (ACXM) Price Target Raised to $36.00
Acxiom (NASDAQ:ACXM) had its target price lifted by BMO Capital Markets from $32.00 to $36.00 in a research note released on Wednesday morning. They currently have an outperform rating on the information technology services provider’s stock.
A number of other brokerages have also recently commented on ACXM. Zacks Investment Research cut Acxiom from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Stephens reissued a buy rating and issued a $33.00 price target on shares of Acxiom in a research report on Thursday, January 25th. BidaskClub cut Acxiom from a hold rating to a sell rating in a research report on Thursday, January 25th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $35.00 price objective on shares of Acxiom in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $33.00.
Shares of Acxiom (ACXM) opened at $26.78 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.23. Acxiom has a 12-month low of $21.80 and a 12-month high of $29.75. The company has a market capitalization of $2,058.99, a P/E ratio of 104.12, a PEG ratio of 8.98 and a beta of 1.25.
A number of hedge funds have recently added to or reduced their stakes in ACXM. Shelton Capital Management bought a new position in Acxiom in the 2nd quarter valued at approximately $213,000. Cipher Capital LP bought a new position in Acxiom in the 3rd quarter valued at approximately $262,000. Amalgamated Bank lifted its position in Acxiom by 3.7% in the 2nd quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 397 shares in the last quarter. American Century Companies Inc. bought a new position in Acxiom in the 4th quarter valued at approximately $304,000. Finally, ING Groep NV lifted its position in Acxiom by 22.5% in the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after acquiring an additional 2,199 shares in the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.
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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