Acxiom (ACXM) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Acxiom (NASDAQ:ACXM) from a sell rating to a hold rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on the company. TheStreet raised Acxiom from a c rating to a b rating in a research note on Tuesday, February 6th. Stephens reissued a buy rating and set a $31.00 price objective on shares of Acxiom in a research note on Wednesday, February 7th. BMO Capital Markets boosted their price objective on Acxiom from $32.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Zacks Investment Research raised Acxiom from a sell rating to a hold rating in a research note on Tuesday, February 6th. Finally, Cantor Fitzgerald reissued a buy rating and set a $35.00 price objective on shares of Acxiom in a research note 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 has an average rating of Buy and a consensus target price of $33.00.

Shares of Acxiom (ACXM) opened at $26.79 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.21 and a current ratio of 2.21. Acxiom has a 52 week low of $21.80 and a 52 week high of $29.75. The firm has a market capitalization of $2,118.31, a P/E ratio of 223.25, a price-to-earnings-growth ratio of 9.23 and a beta of 1.25.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The company had revenue of $234.87 million for the quarter, compared to analysts’ expectations of $237.36 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts predict that Acxiom will post 0.29 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACXM. Ameriprise Financial Inc. grew its stake in shares of Acxiom by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 220,235 shares of the information technology services provider’s stock valued at $5,722,000 after buying an additional 9,152 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Acxiom by 8.4% during the second quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the information technology services provider’s stock valued at $413,000 after buying an additional 1,230 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Acxiom by 1.2% during the second quarter. New York State Common Retirement Fund now owns 151,394 shares of the information technology services provider’s stock valued at $3,933,000 after buying an additional 1,799 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Acxiom by 6.7% during the second quarter. UBS Asset Management Americas Inc. now owns 44,086 shares of the information technology services provider’s stock valued at $1,145,000 after buying an additional 2,780 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Acxiom by 1.7% during the second quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock valued at $166,050,000 after buying an additional 107,930 shares during the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

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About Acxiom

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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