Acxiom’s (ACXM) “Buy” Rating Reiterated at BMO Capital Markets
BMO Capital Markets restated their buy rating on shares of Acxiom (NASDAQ:ACXM) in a report released on Monday. The firm currently has a $33.00 price objective on the information technology services provider’s stock.
ACXM has been the subject of several other reports. Stephens raised their price target on Acxiom from $31.00 to $35.00 and gave the company an overweight rating in a report on Friday, February 16th. They noted that the move was a valuation call. BidaskClub upgraded Acxiom from a hold rating to a buy rating in a report on Thursday, April 12th. TheStreet upgraded Acxiom from a c rating to a b rating in a report on Tuesday, February 6th. Zacks Investment Research downgraded Acxiom from a hold rating to a sell rating in a report on Tuesday, January 2nd. Finally, ValuEngine downgraded Acxiom from a hold rating to a sell rating in a report on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. Acxiom currently has an average rating of Buy and a consensus price target of $32.40.
Shares of NASDAQ:ACXM opened at $24.59 on Monday. Acxiom has a 1-year low of $18.60 and a 1-year high of $32.93. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,934.44, a PE ratio of 79.32, a P/E/G ratio of 4.47 and a beta of 1.25.
Institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new stake in shares of Acxiom during the fourth quarter valued at $214,000. Meadow Creek Investment Management LLC boosted its position in shares of Acxiom by 28.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock valued at $289,000 after buying an additional 2,352 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Acxiom during the fourth quarter valued at $300,000. American Century Companies Inc. purchased a new stake in shares of Acxiom during the fourth quarter valued at $304,000. Finally, ING Groep NV boosted its position in shares of Acxiom by 22.5% during the fourth quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after buying an additional 2,199 shares during the last quarter. 99.47% of the stock is currently owned by institutional investors.
Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.
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