Shares of Acxiom Co. (NASDAQ:ACXM) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $34.00.
Several research analysts have recently weighed in on ACXM shares. TheStreet raised shares of Acxiom from a “c” rating to a “b” rating in a report on Tuesday, February 6th. BidaskClub raised shares of Acxiom from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. William Blair reissued a “buy” rating on shares of Acxiom in a report on Thursday, March 8th. Stephens reissued a “buy” rating and set a $33.00 price objective on shares of Acxiom in a report on Thursday, January 25th. Finally, Wells Fargo set a $33.00 price objective on shares of Acxiom and gave the company a “buy” rating in a report on Monday, April 2nd.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in Acxiom by 5.3% during the third quarter. Ameriprise Financial Inc. now owns 231,992 shares of the information technology services provider’s stock valued at $5,716,000 after buying an additional 11,757 shares during the last quarter. Legal & General Group Plc increased its holdings in Acxiom by 16.2% during the third quarter. Legal & General Group Plc now owns 69,971 shares of the information technology services provider’s stock valued at $1,725,000 after buying an additional 9,746 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Acxiom by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 513,955 shares of the information technology services provider’s stock valued at $12,664,000 after buying an additional 32,394 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Acxiom by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,054,068 shares of the information technology services provider’s stock valued at $75,253,000 after buying an additional 80,406 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Acxiom during the third quarter valued at approximately $587,000. 99.47% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ACXM traded up $0.65 during midday trading on Tuesday, hitting $25.24. The stock had a trading volume of 883,421 shares, compared to its average volume of 962,065. The company has a market cap of $1,934.44, a PE ratio of 81.42, a P/E/G ratio of 4.47 and a beta of 1.25. Acxiom has a 52 week low of $18.60 and a 52 week high of $32.93. 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 (NASDAQ:ACXM) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The firm had revenue of $234.87 million during the quarter, compared to analysts’ expectations of $237.36 million. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. analysts forecast that Acxiom will post 0.33 earnings per share for the current fiscal year.
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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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