Acxiom (NASDAQ:ACXM)‘s stock had its “buy” rating reissued by analysts at Stephens in a report released on Wednesday, February 7th. They presently have a $31.00 target price on the information technology services provider’s stock. Stephens’ price objective would indicate a potential upside of 12.20% from the company’s current price.
A number of other research firms have also recently weighed in on ACXM. Zacks Investment Research cut shares of Acxiom from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub cut shares of Acxiom from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price target on shares of Acxiom in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Acxiom presently has a consensus rating of “Buy” and an average price target of $33.00.
Acxiom (NASDAQ:ACXM) traded up $0.63 on Wednesday, hitting $27.63. 354,150 shares of the company were exchanged, compared to its average volume of 553,308. 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 stock has a market cap of $2,160.00, a PE ratio of 230.25, a price-to-earnings-growth ratio of 9.24 and a beta of 1.25.
Acxiom (NASDAQ:ACXM) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.20. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The company had revenue of $234.87 million for the quarter, compared to analysts’ expectations of $237.36 million. During the same quarter in the previous year, the company earned $0.24 EPS. Acxiom’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Acxiom will post 0.29 EPS for the current year.
A number of hedge funds have recently made changes to their positions in ACXM. Shelton Capital Management purchased a new stake in Acxiom in the 2nd quarter worth $213,000. Cipher Capital LP purchased a new stake in Acxiom in the 3rd quarter worth $262,000. Amalgamated Bank lifted its stake in Acxiom by 3.7% in the 2nd quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 397 shares in the last quarter. American Century Companies Inc. purchased a new stake in Acxiom in the 4th quarter worth $304,000. Finally, ING Groep NV lifted its stake 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 worth $329,000 after purchasing an additional 2,199 shares in the last quarter. Institutional investors and hedge funds own 98.54% 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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