Acxiom Co. (NASDAQ:ACXM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Acxiom has emerged as a formidable player in the field of marketing services and technology over the years. With continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. This was evident from the recently announced fourth-quarter fiscal 2017 results. The newly launched IdentityLink is an important product addition, which improves company's growth prospects. However, the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Moreover, weakness in the marketing services segment remains a concern. Notably, the stock has underperformed the Zacks categorized IT Services market on a year-to-date basis.”

A number of other equities research analysts also recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Acxiom in a report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 target price on shares of Acxiom in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.20.

Analyst Recommendations for Acxiom (NASDAQ:ACXM)

Acxiom (NASDAQ:ACXM) opened at 25.77 on Friday. The company has a market cap of $2.01 billion, a PE ratio of 515.40 and a beta of 1.10. The stock has a 50 day moving average of $28.03 and a 200 day moving average of $27.44. Acxiom has a 52 week low of $19.50 and a 52 week high of $30.40.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Tuesday, May 16th. The information technology services provider reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Acxiom had a return on equity of 4.36% and a net margin of 1.21%. The business had revenue of $224.87 million for the quarter, compared to analyst estimates of $221.96 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Equities research analysts predict that Acxiom will post $0.82 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in ACXM. BlackRock Inc. increased its stake in Acxiom by 19,342.4% in the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock worth $229,535,000 after buying an additional 8,020,907 shares during the period. Wells Fargo & Company MN increased its stake in Acxiom by 275.2% in the third quarter. Wells Fargo & Company MN now owns 4,148,884 shares of the information technology services provider’s stock worth $110,567,000 after buying an additional 3,043,212 shares during the period. Loomis Sayles & Co. L P increased its stake in Acxiom by 194,663.3% in the first quarter. Loomis Sayles & Co. L P now owns 615,452 shares of the information technology services provider’s stock worth $17,522,000 after buying an additional 615,136 shares during the period. Norges Bank purchased a new stake in Acxiom during the fourth quarter worth approximately $14,084,000. Finally, Allianz Asset Management AG increased its stake in Acxiom by 113.6% in the fourth quarter. Allianz Asset Management AG now owns 881,335 shares of the information technology services provider’s stock worth $23,620,000 after buying an additional 468,683 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

About Acxiom

Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.

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