Acxiom (ACXM) Shares Gap Up After Analyst Upgrade

Acxiom Co. (NASDAQ:ACXM)’s share price gapped up before the market opened on Thursday after BidaskClub upgraded the stock from a sell rating to a hold rating. The stock had previously closed at $26.10, but opened at $26.46. Acxiom shares last traded at $26.61, with a volume of 413832 shares.

A number of other equities analysts also recently issued reports on ACXM. TheStreet raised shares of Acxiom from a “c” rating to a “b” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Acxiom from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday. Stephens reaffirmed a “buy” rating and set a $31.00 price objective on shares of Acxiom in a report on Wednesday. Zacks Investment Research raised shares of Acxiom from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price objective on shares of Acxiom in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Acxiom presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Acxiom by 0.9% in the 4th quarter. BlackRock Inc. now owns 8,354,199 shares of the information technology services provider’s stock worth $230,243,000 after buying an additional 72,598 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Acxiom by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,391,429 shares of the information technology services provider’s stock worth $166,050,000 after buying an additional 107,930 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Acxiom by 16.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,203,101 shares of the information technology services provider’s stock worth $170,958,000 after buying an additional 870,045 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Acxiom by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,054,068 shares of the information technology services provider’s stock worth $75,253,000 after buying an additional 80,406 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of Acxiom by 28.4% in the 3rd quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after buying an additional 632,649 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.23. The stock has a market capitalization of $2,120.00, a price-to-earnings ratio of 223.17, a price-to-earnings-growth ratio of 7.67 and a beta of 1.25.

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 Zacks’ consensus estimate of $0.11 by $0.20. The company had revenue of $234.87 million for the quarter, compared to the consensus estimate of $237.36 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. research analysts expect that Acxiom Co. will post 0.35 EPS for the current fiscal year.

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Acxiom Company Profile

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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