Acxiom (ACXM) Cut to Buy at BidaskClub

BidaskClub cut shares of Acxiom (NASDAQ:ACXM) from a strong-buy rating to a buy rating in a report issued on Monday.

ACXM has been the subject of several other research reports. Zacks Investment Research cut Acxiom from a buy rating to a sell rating in a research note on Wednesday, April 4th. William Blair reissued a buy rating on shares of Acxiom in a research note on Thursday, March 8th. BMO Capital Markets boosted their target price on Acxiom from $36.00 to $39.00 and gave the stock an outperform rating in a report on Thursday, March 15th. They noted that the move was a valuation call. TheStreet upgraded Acxiom from a c+ rating to a b- rating in a report on Wednesday, May 23rd. Finally, ValuEngine upgraded Acxiom from a hold rating to a buy rating in a report on Tuesday, June 5th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Acxiom currently has an average rating of Buy and a consensus price target of $32.40.

Shares of Acxiom opened at $30.33 on Monday, according to The company has a market capitalization of $2.31 billion, a P/E ratio of 83.42, a PEG ratio of 16.68 and a beta of 1.24. 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 0.30, a current ratio of 2.02 and a quick ratio of 2.02.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The business had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $239.56 million. Acxiom had a return on equity of 3.84% and a net margin of 2.56%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. equities analysts forecast that Acxiom will post 0.18 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new stake in Acxiom in the 1st quarter worth approximately $113,000. Xact Kapitalforvaltning AB acquired a new stake in Acxiom in the 4th quarter worth approximately $214,000. Sciencast Management LP acquired a new stake in Acxiom in the 1st quarter worth approximately $236,000. Stephens Inc. AR acquired a new stake in Acxiom in the 1st quarter worth approximately $218,000. Finally, Meadow Creek Investment Management LLC lifted its holdings in Acxiom by 28.9% in 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. Hedge funds and other institutional investors own 98.74% of the company’s stock.

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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