Acxiom (ACXM) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Acxiom (NASDAQ:ACXM) from a hold rating to a buy rating in a research note published on Thursday.

Several other brokerages also recently commented on ACXM. BMO Capital Markets lifted their target price on shares of Acxiom from $36.00 to $39.00 and gave the stock an outperform rating in a report on Thursday, March 15th. They noted that the move was a valuation call. William Blair reiterated a buy rating on shares of Acxiom in a report on Thursday, March 8th. Stephens lifted their target price on shares of Acxiom from $31.00 to $35.00 and gave the stock an overweight rating in a report on Friday, February 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Acxiom from a hold rating to a sell rating in a report on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Acxiom from a c rating to a b rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $33.60.

Shares of ACXM stock traded up $0.11 on Thursday, hitting $24.91. The company’s stock had a trading volume of 142,927 shares, compared to its average volume of 953,467. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom has a fifty-two week low of $18.60 and a fifty-two week high of $32.93. The firm has a market cap of $1,902.97, a PE ratio of 80.00, a PEG ratio of 4.40 and a beta of 1.24.



Acxiom (NASDAQ:ACXM) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. The business had revenue of $234.87 million during the quarter, compared to analyst estimates of $237.36 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. Acxiom’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. analysts forecast that Acxiom will post 0.33 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of ACXM. Bank of New York Mellon Corp increased its holdings in shares of Acxiom by 16.3% during 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 purchasing an additional 870,045 shares during the period. Schroder Investment Management Group bought a new position in shares of Acxiom during the 4th quarter worth about $15,333,000. Assenagon Asset Management S.A. increased its holdings in shares of Acxiom by 5,266.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 536,693 shares of the information technology services provider’s stock worth $14,791,000 after purchasing an additional 526,693 shares during the period. Earnest Partners LLC bought a new position in shares of Acxiom during the 4th quarter worth about $13,070,000. Finally, American Capital Management Inc. increased its holdings in shares of Acxiom by 61.5% during the 4th quarter. American Capital Management Inc. now owns 743,600 shares of the information technology services provider’s stock worth $20,494,000 after purchasing an additional 283,100 shares during the period. Institutional investors own 99.47% 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.

Analyst Recommendations for Acxiom (NASDAQ:ACXM)

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