Acxiom Corporation’s (ACXM) “Buy” Rating Reiterated at Cantor Fitzgerald
Cantor Fitzgerald reissued their buy rating on shares of Acxiom Corporation (NASDAQ:ACXM) in a research note published on Friday morning. Cantor Fitzgerald currently has a $33.00 price objective on the information technology services provider’s stock.
“Third-largest ID graph in people-based marketing; deterministic recognition. The LiveRamp/Connectivity business aims to be the power grid for data connectivity in the marketing ecosystem (both on and offline) and a go-to source for deterministic recognition (down to the unique ID/person who uses x devices determined by authentication/log-in information).”,” the firm’s analyst wrote.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Acxiom Corporation from a sell rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub raised Acxiom Corporation from a strong sell rating to a sell rating in a report on Wednesday, July 19th. BMO Capital Markets reaffirmed a buy rating and set a $32.00 target price on shares of Acxiom Corporation in a report on Sunday, July 16th. Finally, Dougherty & Co reaffirmed a buy rating on shares of Acxiom Corporation in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Acxiom Corporation presently has a consensus rating of Hold and a consensus target price of $32.80.
Acxiom Corporation (ACXM) opened at 24.34 on Friday. The stock’s market cap is $1.94 billion. The firm’s 50-day moving average price is $23.51 and its 200 day moving average price is $26.27. Acxiom Corporation has a 12 month low of $21.80 and a 12 month high of $30.40.
Acxiom Corporation (NASDAQ:ACXM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts anticipate that Acxiom Corporation will post $0.80 earnings per share for the current year.
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In other news, CFO Warren Jenson acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $8,337,097.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.54% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC lifted its holdings in Acxiom Corporation by 0.6% during the 1st quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock worth $124,000 after buying an additional 28 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Acxiom Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,458 shares of the information technology services provider’s stock valued at $298,000 after purchasing an additional 55 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Acxiom Corporation by 0.8% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 13,453 shares of the information technology services provider’s stock valued at $383,000 after purchasing an additional 102 shares during the last quarter. Capital One National Association lifted its holdings in shares of Acxiom Corporation by 0.6% in the 2nd quarter. Capital One National Association now owns 25,212 shares of the information technology services provider’s stock valued at $655,000 after purchasing an additional 138 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Acxiom Corporation by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 28,768 shares of the information technology services provider’s stock valued at $747,000 after purchasing an additional 167 shares during the last quarter. 94.61% of the stock is owned by hedge funds and other institutional investors.
Acxiom Corporation 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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