BidaskClub upgraded shares of Acxiom (NASDAQ:ACXM) from a hold rating to a buy rating in a research report sent to investors on Saturday.
A number of other brokerages have also recently issued reports on ACXM. William Blair reaffirmed a buy rating on shares of Acxiom in a report on Thursday, March 8th. Stephens raised their price objective on shares of Acxiom from $31.00 to $35.00 and gave the stock an overweight rating in a research note on Friday, February 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Acxiom from a hold rating to a sell rating in a research note on Tuesday, January 2nd. BMO Capital Markets reissued a buy rating and set a $32.00 price objective on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, TheStreet raised shares of Acxiom from a c rating to a b rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $34.00.
Acxiom (NASDAQ:ACXM) opened at $31.95 on Friday. Acxiom has a 1-year low of $21.80 and a 1-year high of $32.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $2,530.00, a PE ratio of -245.77, a price-to-earnings-growth ratio of 10.93 and a beta of 1.18.
Several institutional investors and hedge funds have recently modified their holdings of ACXM. Xact Kapitalforvaltning AB purchased a new position in shares of Acxiom during the 4th quarter worth approximately $214,000. Cipher Capital LP purchased a new position in shares of Acxiom during the 3rd quarter worth approximately $262,000. Meadow Creek Investment Management LLC increased its stake in shares of Acxiom by 28.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock worth $289,000 after purchasing an additional 2,352 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Acxiom during the 4th quarter worth approximately $300,000. Finally, American Century Companies Inc. purchased a new position in shares of Acxiom during the 4th quarter worth approximately $304,000. 99.00% of the stock is owned by institutional investors and hedge funds.
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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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