Acxiom Corp. (NASDAQ:ACXM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Acxiom reported relatively healthy first-quarter fiscal 2017 results . The company has reorganized its segments to better align its operations and improve margins. Over the years, the company has emerged as a formidable player in the field of marketing services and technology. With continued solid contributions from LiveRamp, Acxiom is striving to improve the functionality of its products across all channels and devices. It continues to reposition its portfolio by divesting assets that no longer fit its corporate strategy. Additionally, the company’s newly-introduced customized product range is successfully catering to the needs of its clients. However, the company operates in a competitive landscape that is becoming more complex with low barriers to entry. In addition, strength in U.S. dollars, a competitive landscape and soft macroeconomic conditions across the globe remain headwinds for Acxiom.”
A number of other analysts also recently issued reports on the stock. Dougherty & Co lifted their price target on shares of Acxiom Corp. from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 5th. BMO Capital Markets upgraded shares of Acxiom Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $28.00 in a report on Friday, August 5th. William Blair reiterated an “outperform” rating on shares of Acxiom Corp. in a report on Wednesday, August 10th. Finally, Cantor Fitzgerald began coverage on shares of Acxiom Corp. in a report on Wednesday, September 14th. They issued a “buy” rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Acxiom Corp. presently has an average rating of “Buy” and an average price target of $30.75.
Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 25.78 on Friday. Acxiom Corp. has a 12-month low of $17.32 and a 12-month high of $27.24. The stock’s 50 day moving average is $26.22 and its 200-day moving average is $23.29. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 170.73 and a beta of 1.26.
Acxiom Corp. (NASDAQ:ACXM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The firm had revenue of $215 million for the quarter, compared to the consensus estimate of $203.38 million. Acxiom Corp. had a net margin of 1.35% and a return on equity of 3.44%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. On average, analysts expect that Acxiom Corp. will post $0.59 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Acxiom Corp. by 68.8% in the second quarter. LS Investment Advisors LLC now owns 4,647 shares of the company’s stock worth $102,000 after buying an additional 1,894 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Acxiom Corp. by 890.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,975 shares of the company’s stock worth $213,000 after buying an additional 7,170 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Acxiom Corp. during the first quarter worth $202,000. Amalgamated Bank acquired a new stake in Acxiom Corp. during the second quarter worth $238,000. Finally, Eqis Capital Management Inc. increased its stake in Acxiom Corp. by 4.5% in the second quarter. Eqis Capital Management Inc. now owns 10,218 shares of the company’s stock worth $225,000 after buying an additional 437 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.
Acxiom Corp. 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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