Insider Buying: Acxiom CEO Acquires 20,000 Shares of Stock (ACXM)
Acxiom (NASDAQ:ACXM) CEO Scott E. Howe bought 20,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $17.57 per share, for a total transaction of $351,400.00. Following the transaction, the chief executive officer now directly owns 788,437 shares in the company, valued at approximately $13,852,838. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ACXM. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Acxiom in a research note on Tuesday, August 5th. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks downgraded shares of Acxiom from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 5th. They now have a $17.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Acxiom has a consensus rating of “Hold” and a consensus price target of $27.25.
Shares of Acxiom (NASDAQ:ACXM) traded up 0.17% on Friday, hitting $17.78. The stock had a trading volume of 740,635 shares. Acxiom has a 52 week low of $17.10 and a 52 week high of $39.30. The stock has a 50-day moving average of $19.58 and a 200-day moving average of $27.66. The company’s market cap is $1.372 billion.
Acxiom (NASDAQ:ACXM) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.17 earnings per share. Acxiom’s revenue was down 5.8% compared to the same quarter last year. Analysts expect that Acxiom will post $0.75 EPS for the current fiscal year.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
Receive News & Ratings for Acxiom Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Co and related companies with Analyst Ratings Network's FREE daily email newsletter.