Cantor Fitzgerald Initiates Coverage on Acxiom Corp. (ACXM)
A number of other research firms have also recently weighed in on ACXM. Zacks Investment Research raised Acxiom Corp. from a hold rating to a strong-buy rating and set a $29.00 price target on the stock in a report on Wednesday, August 10th. William Blair reaffirmed an outperform rating on shares of Acxiom Corp. in a report on Wednesday, August 10th. Dougherty & Co lifted their price target on Acxiom Corp. from $28.00 to $35.00 and gave the company a buy rating in a report on Friday, August 5th. Finally, BMO Capital Markets raised Acxiom Corp. from a market perform rating to an outperform rating and lifted their price target for the company from $23.00 to $28.00 in a report on Friday, August 5th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $30.75.
Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 26.68 on Wednesday. Acxiom Corp. has a one year low of $17.32 and a one year high of $27.03. The firm has a market cap of $2.07 billion, a PE ratio of 176.69 and a beta of 1.20. The firm’s 50-day moving average price is $25.40 and its 200-day moving average price is $22.71.
Acxiom Corp. (NASDAQ:ACXM) last issued its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. Acxiom Corp. had a net margin of 1.35% and a return on equity of 3.44%. The firm had revenue of $215 million for the quarter, compared to analysts’ expectations of $203.38 million. During the same quarter last year, the company posted $0.09 earnings per share. Acxiom Corp.’s revenue was up 9.1% on a year-over-year basis. Equities research analysts expect that Acxiom Corp. will post $0.59 earnings per share for the current fiscal year.
In other Acxiom Corp. news, insider S. Travis May sold 31,354 shares of Acxiom Corp. stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $21.75, for a total value of $681,949.50. Following the transaction, the insider now owns 244,758 shares in the company, valued at $5,323,486.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.11% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Acxiom Corp. by 68.8% in the second quarter. LS Investment Advisors LLC now owns 4,647 shares of the company’s stock valued at $102,000 after buying an additional 1,894 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Acxiom Corp. during the first quarter valued at $202,000. Eqis Capital Management Inc. boosted its position in Acxiom Corp. by 4.5% in the second quarter. Eqis Capital Management Inc. now owns 10,218 shares of the company’s stock valued at $225,000 after buying an additional 437 shares during the last quarter. Amalgamated Bank purchased a new position in Acxiom Corp. during the second quarter valued at $238,000. Finally, Teacher Retirement System of Texas boosted its position in Acxiom Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 10,899 shares of the company’s stock valued at $240,000 after buying an additional 1,318 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.
About Acxiom Corp.
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.
Receive News & Ratings for Acxiom Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Corp. and related companies with MarketBeat.com's FREE daily email newsletter.