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.
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.
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