Acxiom Co. (ACXM) Given Consensus Rating of “Buy” by Analysts
Acxiom Co. (NASDAQ:ACXM) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $51.33.
A number of equities analysts have weighed in on ACXM shares. Stephens restated a “buy” rating and issued a $47.00 price target on shares of Acxiom in a report on Sunday, August 12th. Wells Fargo & Co upped their price target on Acxiom from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Finally, BMO Capital Markets upped their price target on Acxiom from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, August 10th.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Acxiom by 3.5% during the 2nd quarter. BlackRock Inc. now owns 8,648,550 shares of the information technology services provider’s stock valued at $259,023,000 after acquiring an additional 293,817 shares in the last quarter. Bank of New York Mellon Corp increased its position in Acxiom by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 7,176,668 shares of the information technology services provider’s stock worth $214,940,000 after buying an additional 254,869 shares during the period. Jackson Square Partners LLC acquired a new stake in Acxiom in the third quarter worth $276,396,000. Dimensional Fund Advisors LP increased its position in Acxiom by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,238,319 shares of the information technology services provider’s stock worth $96,988,000 after buying an additional 118,319 shares during the period. Finally, Abrams Bison Investments LLC acquired a new stake in Acxiom in the third quarter worth $121,302,000. 94.47% of the stock is currently owned by institutional investors and hedge funds.
Acxiom Corporation operates 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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