Acxiom Corp. (ACXM) Hits New 1-Year High at $26.32
Acxiom Corp. (NASDAQ:ACXM)’s share price reached a new 52-week high on Thursday . The stock 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.
Several research firms have weighed in on ACXM. William Blair restated an “outperform” rating on shares of Acxiom Corp. in a report on Wednesday, August 10th. Zacks Investment Research upgraded Acxiom Corp. from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Wednesday, August 10th. BMO Capital Markets upgraded Acxiom Corp. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $23.00 to $28.00 in a report on Friday, August 5th. Finally, Dougherty & Co raised their target price on Acxiom Corp. from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 5th.
The firm has a 50-day moving average of $24.44 and a 200-day moving average of $22.25. The company has a market capitalization of $2.04 billion and a PE ratio of 174.868.
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 Thomson Reuters’ consensus estimate of $0.09 by $0.06. During the same period in the prior year, the company earned $0.09 earnings per share. The company earned $215 million during the quarter, compared to the consensus estimate of $203.38 million. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Acxiom Corp. will post $0.58 earnings per share for the current fiscal year.
In other Acxiom Corp. news, insider S. Travis May sold 31,354 shares of the stock in a transaction dated 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 directly owns 244,758 shares of the company’s stock, valued at approximately $5,323,486.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.