Research Analysts Issue Forecasts for Acxiom Corporation’s Q4 2018 Earnings (ACXM)
Acxiom Corporation (NASDAQ:ACXM) – Analysts at William Blair reduced their Q4 2018 EPS estimates for Acxiom in a research note issued to investors on Thursday. William Blair analyst A. Klauber now anticipates that the information technology services provider will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.09.
Several other brokerages have also recently issued reports on ACXM. BMO Capital Markets restated a “buy” rating and issued a $32.00 target price on shares of Acxiom in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Monday, November 6th. Cantor Fitzgerald restated a “buy” rating and issued a $35.00 target price on shares of Acxiom in a report on Thursday, November 2nd. Finally, Dougherty & Co restated a “buy” rating on shares of Acxiom in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.
Shares of Acxiom (NASDAQ ACXM) traded down $0.19 during trading on Monday, hitting $27.14. 381,700 shares of the stock traded hands, compared to its average volume of 455,890. Acxiom has a fifty-two week low of $21.80 and a fifty-two week high of $30.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $2,149.91, a PE ratio of 113.08, a price-to-earnings-growth ratio of 5.17 and a beta of 1.30.
Acxiom (NASDAQ:ACXM) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The business had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $222.05 million. During the same quarter in the prior year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. ETF Managers Group LLC acquired a new stake in Acxiom during the 2nd quarter worth $119,000. Riverhead Capital Management LLC boosted its stake in Acxiom by 73.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 1,994 shares during the period. Shelton Capital Management acquired a new stake in Acxiom during the 2nd quarter worth $213,000. Quantbot Technologies LP boosted its stake in Acxiom by 384.9% during the 2nd quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock worth $229,000 after purchasing an additional 7,005 shares during the period. Finally, Cipher Capital LP acquired a new stake in Acxiom during the 3rd quarter worth $262,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.
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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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