Acxiom Co. (NASDAQ:ACXM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $33.57 and last traded at $33.48, with a volume of 64013 shares changing hands. The stock had previously closed at $30.99.
Several equities analysts have issued reports on ACXM shares. William Blair reaffirmed a “buy” rating on shares of Acxiom in a report on Thursday, March 8th. BidaskClub raised shares of Acxiom from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. BMO Capital Markets increased their price objective on shares of Acxiom from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Wells Fargo & Co set a $33.00 price objective on shares of Acxiom and gave the company a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, April 3rd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Acxiom presently has a consensus rating of “Buy” and a consensus target price of $34.00.
The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 95.03, a PEG ratio of 19.01 and a beta of 1.26.
Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm had revenue of $244.80 million for the quarter, compared to the consensus estimate of $239.56 million. Acxiom had a net margin of 2.56% and a return on equity of 3.84%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. analysts anticipate that Acxiom Co. will post 0.18 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of ACXM. Teacher Retirement System of Texas purchased a new position in shares of Acxiom in the fourth quarter worth about $748,000. California Public Employees Retirement System lifted its stake in shares of Acxiom by 12.5% in the fourth quarter. California Public Employees Retirement System now owns 167,583 shares of the information technology services provider’s stock worth $4,619,000 after buying an additional 18,683 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Acxiom by 8.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 189,261 shares of the information technology services provider’s stock worth $5,216,000 after buying an additional 14,662 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Acxiom by 26.2% in the fourth quarter. Arizona State Retirement System now owns 57,016 shares of the information technology services provider’s stock worth $1,571,000 after buying an additional 11,825 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Acxiom by 0.9% in the fourth quarter. BlackRock Inc. now owns 8,354,199 shares of the information technology services provider’s stock worth $230,243,000 after buying an additional 72,598 shares in the last quarter. 98.73% of the stock is currently owned by hedge funds and other institutional investors.
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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