Acxiom (ACXM) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Acxiom (NASDAQ:ACXM) from a buy rating to a sell rating in a research report sent to investors on Wednesday.

According to Zacks, “Acxiom provides solutions that make it easier for marketers to deliver relevant messages at scale and tie those messages back to actual results. The company is gaining on robust performance from the Connectivity segment. With continued solid contributions from company’s primary offering of LiveRamp and IdentityLink, the company is striving to improve the functionality of its products across all channels and devices. The company has also partnered with the likes of Adobe Systems, Microsoft’s LinkedIn and Yelp Local Audiences. The company also announced extended partnership with RedPoint Global and 4INFO. Moreover, expanding customer base is significantly positive in our view. Nevertheless, 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 in the past year.”

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A number of other equities research analysts have also issued reports on ACXM. BidaskClub lowered Acxiom from a hold rating to a sell rating in a research report on Thursday, January 25th. Stephens reissued a buy rating and issued a $33.00 target price on shares of Acxiom in a research report on Thursday, January 25th. BMO Capital Markets lifted their target price on Acxiom from $32.00 to $36.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. TheStreet raised Acxiom from a c rating to a b rating in a research report on Tuesday, February 6th. Finally, William Blair reaffirmed a buy rating on shares of Acxiom in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Acxiom currently has an average rating of Hold and a consensus target price of $33.60.

Shares of Acxiom stock opened at $22.90 on Wednesday. Acxiom has a 52-week low of $18.60 and a 52-week high of $32.93. The company has a market capitalization of $1,801.50, a P/E ratio of 91.60, a PEG ratio of 4.16 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29.

Acxiom (NASDAQ:ACXM) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $234.87 million for the quarter, compared to analyst estimates of $237.36 million. During the same quarter last year, the firm earned $0.24 EPS. Acxiom’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts forecast that Acxiom will post 0.33 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. ING Groep NV increased its position in shares of Acxiom by 22.5% during 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 during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Acxiom by 28.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock worth $289,000 after purchasing an additional 2,352 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Acxiom by 0.5% during the 4th quarter. Teachers Advisors LLC now owns 511,364 shares of the information technology services provider’s stock worth $14,093,000 after purchasing an additional 2,544 shares during the last quarter. Sei Investments Co. increased its position in shares of Acxiom by 1.9% during the 4th quarter. Sei Investments Co. now owns 238,247 shares of the information technology services provider’s stock worth $6,566,000 after purchasing an additional 4,452 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Acxiom by 9.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 52,498 shares of the information technology services provider’s stock worth $1,447,000 after purchasing an additional 4,500 shares during the last quarter. 98.81% of the stock is currently owned by hedge funds and other institutional investors.

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Acxiom Company Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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