Acxiom (ACXM) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Acxiom (NASDAQ:ACXM) from a sell rating to a hold rating in a report published on Friday morning.

Several other equities analysts have also recently weighed in on ACXM. TheStreet raised shares of Acxiom from a c rating to a b rating in a research note on Tuesday. BMO Capital Markets raised their price target on shares of Acxiom from $32.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday. Stephens reaffirmed a buy rating and set a $31.00 price target on shares of Acxiom in a research note on Wednesday. Zacks Investment Research raised shares of Acxiom from a sell rating to a hold rating in a research note on Tuesday. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $35.00 price target on shares of Acxiom in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $33.00.

Shares of Acxiom (ACXM) traded up $0.75 on Friday, hitting $26.78. 733,832 shares of the stock traded hands, compared to its average volume of 609,525. The company has a market cap of $2,058.99, a PE ratio of 223.17, a P/E/G ratio of 8.98 and a beta of 1.25. Acxiom has a one year low of $21.80 and a one year high of $29.75. The company has a quick ratio of 2.23, a current ratio of 2.21 and a debt-to-equity ratio of 0.29.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.20. The company had revenue of $234.87 million during the quarter, compared to analysts’ expectations of $237.36 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. equities research analysts forecast that Acxiom will post 0.29 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. grew its stake in shares of Acxiom by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 52,498 shares of the information technology services provider’s stock valued at $1,447,000 after buying an additional 4,500 shares in the last quarter. BlackRock Inc. grew its stake in shares of Acxiom by 0.9% in the fourth quarter. BlackRock Inc. now owns 8,354,199 shares of the information technology services provider’s stock valued at $230,243,000 after buying an additional 72,598 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Acxiom in the fourth quarter valued at $15,333,000. Bank of New York Mellon Corp grew its stake in shares of Acxiom by 16.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,203,101 shares of the information technology services provider’s stock valued at $170,958,000 after buying an additional 870,045 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Acxiom by 26.2% in the fourth quarter. Arizona State Retirement System now owns 57,016 shares of the information technology services provider’s stock valued at $1,571,000 after buying an additional 11,825 shares in the last quarter. 99.26% of the stock is owned by institutional investors and hedge funds.

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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.

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