Acxiom (NASDAQ:ACXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Acxiom provides solutions that make it easier for marketers to deliver relevant messages at scale and tie those messages back to actual results. Acxiom is gaining on robust performance from the Connectivity segment. With continued solid contributions from LiveRamp, the company is striving to improve the functionality of its products across all channels and devices. IdentityLink has gained significant traction within a short-span of time, which improves company's growth prospects. Acxiom recently partnered with 4INFO aimed at generating location-specific target audience segments. We believe that the recent partnership will add another feather in Acxiom’s cap. Moreover, expanding customer base is significantly positive in our view. Nevertheless, we note that the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Notably, the stock has underperformed the industry on a year-to-date basis.”

A number of other equities research analysts have also commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Acxiom in a research note on Wednesday, November 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Acxiom in a research note on Thursday, November 2nd. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.33.

Acxiom (ACXM) remained flat at $$27.14 on Tuesday. The company had a trading volume of 545,700 shares, compared to its average volume of 456,267. Acxiom has a twelve month low of $21.80 and a twelve month high of $30.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $2,150.00, a P/E ratio of 113.08, a price-to-earnings-growth ratio of 5.17 and a beta of 1.30.

Acxiom (NASDAQ:ACXM) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The firm had revenue of $225.24 million for the quarter, compared to analyst estimates of $222.05 million. During the same period in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts expect that Acxiom will post 0.35 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of ACXM. Russell Investments Group Ltd. boosted its stake in Acxiom by 2.7% during the second quarter. Russell Investments Group Ltd. now owns 345,159 shares of the information technology services provider’s stock worth $8,968,000 after acquiring an additional 9,152 shares in the last quarter. Texas Permanent School Fund boosted its stake in Acxiom by 1.4% during the second quarter. Texas Permanent School Fund now owns 57,319 shares of the information technology services provider’s stock worth $1,489,000 after acquiring an additional 801 shares in the last quarter. Sei Investments Co. boosted its stake in Acxiom by 33.1% during the second quarter. Sei Investments Co. now owns 226,732 shares of the information technology services provider’s stock worth $5,891,000 after acquiring an additional 56,373 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Acxiom by 0.4% during the second quarter. Retirement Systems of Alabama now owns 101,209 shares of the information technology services provider’s stock worth $2,629,000 after acquiring an additional 427 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Acxiom during the second quarter worth $410,000. 98.03% of the stock is currently owned by institutional investors.

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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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