Acxiom (ACXM) Rating Increased to B at TheStreet

TheStreet upgraded shares of Acxiom (NASDAQ:ACXM) from a c rating to a b rating in a research report released on Tuesday morning.

A number of other equities analysts also recently commented on ACXM. BMO Capital Markets boosted their price objective on Acxiom from $32.00 to $36.00 and gave the stock an outperform rating in a research report on Wednesday. Stephens reissued a buy rating and set a $31.00 price objective on shares of Acxiom in a research report on Wednesday. Zacks Investment Research raised Acxiom from a sell rating to a hold rating in a research report on Tuesday. BidaskClub downgraded Acxiom from a hold rating to a sell rating in a research report on Thursday, January 25th. Finally, Cantor Fitzgerald restated a buy rating and set a $35.00 target price on shares of Acxiom in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $33.00.

Shares of Acxiom (ACXM) traded down $0.01 during trading on Tuesday, hitting $26.45. The stock had a trading volume of 152,113 shares, compared to its average volume of 532,404. Acxiom has a 1-year low of $21.80 and a 1-year high of $29.75. The firm has a market capitalization of $2,042.67, a P/E ratio of 220.58, a PEG ratio of 7.49 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.79% and a net margin of 1.14%. The business had revenue of $234.87 million during the quarter, compared to the consensus estimate of $237.36 million. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts forecast that Acxiom will post 0.35 EPS for the current year.

A number of hedge funds have recently bought and sold shares of ACXM. Ameriprise Financial Inc. lifted its stake in Acxiom by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 220,235 shares of the information technology services provider’s stock worth $5,722,000 after purchasing an additional 9,152 shares during the last quarter. Amalgamated Bank lifted its stake in Acxiom by 3.7% during the second quarter. Amalgamated Bank now owns 11,177 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 397 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Acxiom by 8.4% during the second quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the information technology services provider’s stock worth $413,000 after purchasing an additional 1,230 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Acxiom by 1.2% during the second quarter. New York State Common Retirement Fund now owns 151,394 shares of the information technology services provider’s stock worth $3,933,000 after purchasing an additional 1,799 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Acxiom by 6.7% during the second quarter. UBS Asset Management Americas Inc. now owns 44,086 shares of the information technology services provider’s stock worth $1,145,000 after purchasing an additional 2,780 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

WARNING: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2018/02/08/acxiom-acxm-rating-increased-to-b-at-thestreet.html.

About Acxiom

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.

Receive News & Ratings for Acxiom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit