Acxiom Corporation (NASDAQ:ACXM) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.25.
A number of equities analysts have issued reports on ACXM shares. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a report on Monday, April 17th. Zacks Investment Research downgraded shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a report on Friday, May 19th. BidaskClub raised shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Acxiom Corporation in a report on Wednesday, June 14th.
In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of Acxiom Corporation stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total transaction of $99,613.20. Following the transaction, the director now directly owns 80,506 shares of the company’s stock, valued at approximately $2,080,275.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.54% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its position in shares of Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock worth $124,000 after buying an additional 28 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock worth $151,000 after buying an additional 34 shares during the period. LS Investment Advisors LLC increased its position in shares of Acxiom Corporation by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock worth $160,000 after buying an additional 1,050 shares during the period. potrero capital research llc bought a new position in shares of Acxiom Corporation during the first quarter worth $188,000. Finally, OppenheimerFunds Inc. bought a new position in shares of Acxiom Corporation during the first quarter worth $260,000. 96.25% of the stock is currently owned by institutional investors.
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Shares of Acxiom Corporation (NASDAQ ACXM) traded down 4.07% during mid-day trading on Friday, reaching $24.06. 1,085,873 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $26.38 and its 200 day moving average price is $27.39. Acxiom Corporation has a 52-week low of $22.72 and a 52-week high of $30.40. The company has a market cap of $1.89 billion, a PE ratio of 481.20 and a beta of 1.24.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. The firm had revenue of $213 million for the quarter, compared to the consensus estimate of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities research analysts predict that Acxiom Corporation will post $0.80 EPS for the current year.
Acxiom Corporation 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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