Acxiom Co. (ACXM) Given Consensus Rating of “Buy” by Analysts

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.

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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.

Analyst Recommendations for Acxiom (NASDAQ:ACXM)

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