Acxiom (ACXM) Earns “Buy” Rating from Stephens

Stephens reiterated their buy rating on shares of Acxiom (NASDAQ:ACXM) in a research note released on Wednesday. They currently have a $31.00 price target on the information technology services provider’s stock.

Several other research firms have also issued reports on ACXM. Zacks Investment Research raised Acxiom from a sell rating to a hold rating in a research note on Tuesday. Cantor Fitzgerald reissued a buy rating and set a $35.00 price objective on shares of Acxiom in a research note on Thursday, November 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, BidaskClub lowered Acxiom from a hold rating to a sell rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $33.00.

Acxiom (NASDAQ ACXM) opened at $26.78 on Wednesday. The firm has a market capitalization of $2,058.99, a price-to-earnings ratio of 104.12, a PEG ratio of 8.98 and a beta of 1.25. Acxiom has a 52-week low of $21.80 and a 52-week high of $29.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.23.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.20. The company had revenue of $234.87 million during the quarter, compared to analysts’ expectations of $237.36 million. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. analysts anticipate that Acxiom will post 0.29 EPS for the current year.

A number of large investors have recently bought and sold shares of ACXM. Bank of New York Mellon Corp boosted its stake in Acxiom by 165.9% during the third quarter. Bank of New York Mellon Corp now owns 5,333,056 shares of the information technology services provider’s stock valued at $131,407,000 after buying an additional 3,327,468 shares during the period. TimesSquare Capital Management LLC bought a new stake in Acxiom during the third quarter valued at $26,754,000. Fuller & Thaler Asset Management Inc. bought a new stake in Acxiom during the third quarter valued at $23,251,000. Bamco Inc. NY boosted its stake in Acxiom by 28.4% during the third quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock valued at $70,552,000 after buying an additional 632,649 shares during the period. Finally, Schroder Investment Management Group bought a new stake in Acxiom during the fourth quarter valued at $15,333,000. 99.26% of the stock is owned by institutional investors.

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About Acxiom

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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