Insider Buying: Scott E. Howe Purchases 20,000 Shares of Acxiom Stock (ACXM)
Acxiom (NASDAQ:ACXM) CEO Scott E. Howe purchased 20,000 shares of Acxiom stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average price of $17.57 per share, for a total transaction of $351,400.00. Following the acquisition, the chief executive officer now directly owns 788,437 shares of the company’s stock, valued at approximately $13,852,838. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Acxiom (NASDAQ:ACXM) traded up 0.17% on Friday, hitting $17.78. 740,635 shares of the company’s stock traded hands. Acxiom has a one year low of $17.10 and a one year high of $39.30. The stock’s 50-day moving average is $19.47 and its 200-day moving average is $27.56. The company’s market cap is $1.372 billion.
Acxiom (NASDAQ:ACXM) last released its earnings data on Monday, August 4th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts expect that Acxiom will post $0.75 EPS for the current fiscal year.
A number of analysts have recently weighed in on ACXM shares. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.25.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
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