Stephens Reaffirms “Buy” Rating for Acxiom (ACXM)

Acxiom (NASDAQ:ACXM)‘s stock had its “buy” rating restated by equities researchers at Stephens in a note issued to investors on Wednesday. They currently have a $31.00 price objective on the information technology services provider’s stock. Stephens’ target price would suggest a potential upside of 17.16% from the company’s previous close.

A number of other brokerages also recently commented on ACXM. Zacks Investment Research downgraded Acxiom from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BidaskClub downgraded Acxiom from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price objective on shares of Acxiom in a report on Wednesday, November 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price objective on shares of Acxiom in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.00.

Shares of Acxiom (NASDAQ:ACXM) traded up $0.61 during trading on Wednesday, hitting $26.46. The company had a trading volume of 3,755,194 shares, compared to its average volume of 401,096. 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 company has a market capitalization of $2,100.00, a P/E ratio of -176.40, a PEG ratio of 7.31 and a beta of 1.25. Acxiom has a one year low of $21.80 and a one year high of $29.75.

Acxiom (NASDAQ:ACXM) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.20. The company had revenue of $234.87 million during the quarter, compared to the consensus estimate of $237.36 million. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. equities analysts predict that Acxiom will post 0.35 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ACXM. Bank of New York Mellon Corp raised its holdings in Acxiom by 165.9% in the third quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock worth $131,407,000 after purchasing an additional 3,327,468 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Acxiom in the third quarter worth $26,754,000. Fuller & Thaler Asset Management Inc. bought a new position in Acxiom in the third quarter worth $23,251,000. Bamco Inc. NY raised its holdings in Acxiom by 28.4% in the third quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after purchasing an additional 632,649 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Acxiom by 5,266.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 536,693 shares of the information technology services provider’s stock worth $14,791,000 after purchasing an additional 526,693 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.

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Acxiom Company Profile

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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