Somewhat Positive Media Coverage Somewhat Unlikely to Affect Acxiom Corporation (ACXM) Share Price
Headlines about Acxiom Corporation (NASDAQ:ACXM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acxiom Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 46.1854853943674 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Acxiom Corporation (ACXM) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Acxiom Corporation (ACXM) Receives “Buy” Rating from Cantor Fitzgerald (americanbankingnews.com)
- Acxiom Corporation (ACXM) Expected to Post Quarterly Sales of $222.22 Million (americanbankingnews.com)
- Analysts Expect Acxiom Corporation (ACXM) to Post $0.15 EPS (americanbankingnews.com)
Acxiom Corporation (NASDAQ:ACXM) traded up 1.71% during trading on Friday, hitting $24.34. 270,803 shares of the company’s stock were exchanged. The company’s market cap is $1.94 billion. Acxiom Corporation has a 52-week low of $21.80 and a 52-week high of $30.40. The firm has a 50 day moving average price of $23.51 and a 200 day moving average price of $26.27.
Acxiom Corporation (NASDAQ:ACXM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $217.32 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts predict that Acxiom Corporation will post $0.80 earnings per share for the current year.
A number of brokerages recently commented on ACXM. Cantor Fitzgerald reiterated a “buy” rating and issued a $33.00 target price on shares of Acxiom Corporation in a research report on Friday. Dougherty & Co restated a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. BidaskClub cut shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Acxiom Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and issued a $32.00 price objective on shares of Acxiom Corporation in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.80.
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In other news, CFO Warren Jenson bought 10,000 shares of Acxiom Corporation stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $22.09 per share, with a total value of $220,900.00. Following the completion of the purchase, the chief financial officer now owns 377,415 shares in the company, valued at approximately $8,337,097.35. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.54% of the company’s stock.
About Acxiom Corporation
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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