Acxiom Shares Up 4.6% on Insider Buying Activity (ACXM)
Shares of Acxiom (NASDAQ:ACXM) shot up 4.6% during mid-day trading on Monday following insider buying activity, Analyst Ratings Network.com reports. The stock traded as high as $18.65 and last traded at $18.60, with a volume of 491,056 shares. The stock had previously closed at $17.78.
Specifically, CEO Scott E. Howe bought 20,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $17.57 per share, for a total transaction of $351,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 research 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. The company presently has an average rating of “Hold” and a consensus price target of $27.25.
The stock has a 50-day moving average of $19.47 and a 200-day moving average of $27.56. The company’s market cap is $1.431 billion.
Acxiom (NASDAQ:ACXM) last issued its quarterly 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. On average, analysts predict that Acxiom will post $0.75 earnings per share for the current fiscal year.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
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