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Acxiom (NASDAQ:ACXM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $17.00 price objective on the stock. Zacks‘s price objective indicates a potential downside of 5.40% from the stock’s previous close.

Zacks’ analyst wrote, “We are changing our long-term recommendation on Acxiom from Neutral to Underperform as we anticipate it to perform well below the broader equity market. Acxiom reported dismal first quarter fiscal 2015 results as adjusted earnings missed the Zacks Consensus Estimate by $0.04. High operating expenses and restructuring costs continue to be a drag on the profitability of the company. Acxiom also operates in a competitive landscape that is becoming more complex with low barriers to entry, adding to its operating risks. However, the company is focusing on its core businesses across key regions for augmenting long-term margins. Acxiom also expects to improve top-line growth through the acquisition of LiveRamp while continuing to invest in product enhancements and connectivity. “

Acxiom (NASDAQ:ACXM) traded down 3.39% on Tuesday, hitting $17.97. 3,388,552 shares of the company’s stock traded hands. Acxiom has a 52-week low of $17.88 and a 52-week high of $39.30. The stock has a 50-day moving average of $20.43 and a 200-day moving average of $28.48. The company has a market cap of $1.383 billion and a P/E ratio of 156.30.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.06. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $246.26 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts predict that Acxiom will post $0.79 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Acxiom from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. Analysts at BMO Capital Markets upgraded shares of Acxiom from an “underperform” rating to a “market perform” rating in a research note on Thursday, May 15th. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.25.

Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.

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