Zacks Investment Research upgraded shares of Acxiom Corporation (NASDAQ:ACXM) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
According to Zacks, “Acxiom's first-quarter fiscal 2018 results were disappointing. Revenues declined due to weakness in the marketing services segment. Management now expects slower bookings in the marketing services and pricing model changes in the audience solutions segment to hurt top-line growth. We note that the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Notably, the stock has underperformed the industry on a year-to-date basis. Nevertheless, with continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. The newly launched IdentityLink is an important product addition, which improves company's growth prospects. Moreover, expanding customer base is signficantly positive in our view.”
Several other research analysts have also recently issued reports on ACXM. BidaskClub upgraded Acxiom Corporation from a strong sell rating to a sell rating in a research note on Wednesday, July 19th. Cantor Fitzgerald reiterated a buy rating and issued a $33.00 target price on shares of Acxiom Corporation in a research report on Friday, September 22nd. BMO Capital Markets reiterated a buy rating and issued a $32.00 target price on shares of Acxiom Corporation in a research report on Sunday, July 16th. Finally, Dougherty & Co reiterated a buy rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $32.80.
Shares of Acxiom Corporation (NASDAQ ACXM) traded up 0.36% during mid-day trading on Tuesday, reaching $25.02. 203,059 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $23.49 and its 200-day moving average price is $26.00. The company’s market capitalization is $1.99 billion. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last issued its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. The company had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts expect that Acxiom Corporation will post $0.80 earnings per share for the current year.
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In related news, CFO Warren Jenson purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $22.09 per share, with a total value of $220,900.00. Following the transaction, the chief financial officer now owns 377,415 shares of the company’s stock, valued at $8,337,097.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.54% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACXM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Acxiom Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock valued at $298,000 after buying an additional 55 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Acxiom Corporation by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,453 shares of the information technology services provider’s stock worth $383,000 after buying an additional 102 shares during the last quarter. Capital One National Association boosted its stake in shares of Acxiom Corporation by 0.6% in the second quarter. Capital One National Association now owns 25,212 shares of the information technology services provider’s stock worth $655,000 after buying an additional 138 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Acxiom Corporation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 28,768 shares of the information technology services provider’s stock worth $747,000 after buying an additional 167 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Acxiom Corporation by 1.6% in the second quarter. Suntrust Banks Inc. now owns 16,303 shares of the information technology services provider’s stock worth $423,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.
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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