Acxiom (ACXM) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Acxiom (NASDAQ:ACXM) from a buy rating to a sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Acxiom provides solutions that make it easier for marketers to deliver relevant messages at scale and tie those messages back to actual results. The company is gaining on robust performance from the Connectivity segment. With continued solid contributions from company’s primary offering of LiveRamp and IdentityLink, the company is striving to improve the functionality of its products across all channels and devices. The company has also partnered with the likes of Adobe Systems, Microsoft’s LinkedIn and Yelp Local Audiences. The company also announced extended partnership with RedPoint Global and 4INFO. Moreover, expanding customer base is significantly positive in our view. Nevertheless, we note that the company operates in a competitive landscape that is becoming more complex with low barriers to entry. Notably, the stock has underperformed the industry in the past year.”

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Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Acxiom from a hold rating to a sell rating in a research note on Tuesday. Wells Fargo set a $33.00 target price on shares of Acxiom and gave the company a buy rating in a research note on Monday, April 2nd. BidaskClub cut shares of Acxiom from a strong-buy rating to a buy rating in a research note on Friday, March 30th. BMO Capital Markets upped their target price on shares of Acxiom from $36.00 to $39.00 and gave the company an outperform rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. Finally, William Blair reiterated a buy rating on shares of Acxiom in a research note on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $33.60.

ACXM opened at $22.90 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1,903.76, a price-to-earnings ratio of 96.80, a P/E/G ratio of 4.40 and a beta of 1.24. Acxiom has a 52-week low of $18.60 and a 52-week high of $32.93.

Acxiom (NASDAQ:ACXM) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.20. The business had revenue of $234.87 million for 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. analysts expect that Acxiom will post 0.33 EPS for the current year.

Large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new position in shares of Acxiom in the 4th quarter worth approximately $214,000. Meadow Creek Investment Management LLC lifted its stake in shares of Acxiom by 28.9% in 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 during the period. Jane Street Group LLC bought a new position in shares of Acxiom in the 4th quarter worth approximately $300,000. American Century Companies Inc. bought a new position in shares of Acxiom in the 4th quarter worth approximately $304,000. Finally, ING Groep NV lifted its stake in shares of Acxiom by 22.5% in the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock worth $329,000 after purchasing an additional 2,199 shares during the period. Hedge funds and other institutional investors own 98.81% of the company’s stock.

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Acxiom Company Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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Analyst Recommendations for Acxiom (NASDAQ:ACXM)

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