Acxiom Co. (NASDAQ:ACXM) – Investment analysts at William Blair lowered their Q4 2018 earnings estimates for shares of Acxiom in a research note issued on Thursday. William Blair analyst A. Klauber now anticipates that the information technology services provider will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.09.
A number of other analysts have also recently issued reports on ACXM. Dougherty & Co reissued a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. Cantor Fitzgerald restated a “buy” rating and set a $33.00 target price on shares of Acxiom in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Acxiom presently has a consensus rating of “Hold” and a consensus price target of $32.33.
Shares of Acxiom (NASDAQ ACXM) traded up $0.16 during midday trading on Monday, hitting $27.40. 284,818 shares of the stock were exchanged, compared to its average volume of 455,582. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2,149.91, a PE ratio of 113.08, a PEG ratio of 5.22 and a beta of 1.30. Acxiom has a 1 year low of $21.80 and a 1 year high of $30.40.
Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The firm had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $222.05 million. Acxiom had a negative net margin of 1.48% and a negative return on equity of 1.78%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share.
Several large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its position in shares of Acxiom by 10.3% during the third quarter. Neuberger Berman Group LLC now owns 1,680,199 shares of the information technology services provider’s stock worth $41,400,000 after acquiring an additional 156,238 shares during the last quarter. Bamco Inc. NY boosted its position in shares of Acxiom by 28.4% during the third quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after acquiring an additional 632,649 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of Acxiom by 1,851.5% during the third quarter. Granahan Investment Management Inc. MA now owns 206,762 shares of the information technology services provider’s stock worth $5,095,000 after acquiring an additional 196,167 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Acxiom during the third quarter worth $890,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Acxiom by 34.3% during the third quarter. Allianz Asset Management GmbH now owns 1,201,525 shares of the information technology services provider’s stock worth $29,606,000 after acquiring an additional 307,015 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.
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Acxiom 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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