Acxiom Corp. (ACXM) Hits New 1-Year High at $26.32
Acxiom Corp. (NASDAQ:ACXM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $26.32 and last traded at $26.09, with a volume of 116,156 shares trading hands. The stock had previously closed at $25.99.
ACXM has been the topic of several recent research reports. Zacks Investment Research cut Acxiom Corp. from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Dougherty & Co initiated coverage on Acxiom Corp. in a research note on Tuesday, May 24th. They issued a “buy” rating and a $28.00 price target on the stock. William Blair initiated coverage on Acxiom Corp. in a research note on Tuesday, May 31st. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets raised Acxiom Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $28.00 in a research note on Friday, August 5th.
The stock has a market cap of $2.02 billion and a P/E ratio of 172.45. The firm has a 50 day moving average of $24.24 and a 200 day moving average of $22.20.
Acxiom Corp. (NASDAQ:ACXM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $215 million for the quarter, compared to analysts’ expectations of $203.38 million. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Equities analysts predict that Acxiom Corp. will post $0.58 EPS for the current year.
In other news, insider S. Travis May sold 31,354 shares of Acxiom Corp. stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $21.75, for a total value of $681,949.50. Following the completion of the transaction, the insider now owns 244,758 shares in the company, valued at approximately $5,323,486.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Acxiom Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of Acxiom Corp. (NASDAQ:ACXM) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,531,701 shares of the company’s stock after buying an additional 192,157 shares during the period. Dimensional Fund Advisors LP owned about 3.25% of Acxiom Corp. worth $52,965,000 at the end of the most recent quarter.
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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