Zacks Investment Research lowered shares of Acxiom Corp. (NASDAQ:ACXM) from a strong-buy rating to a hold rating in a research report report published on Friday.
According to Zacks, “Acxiom reported relatively healthy first-quarter fiscal 2017 results . The company has reorganized its segments to better align its operations and improve margins. Over the years, the company has emerged as a formidable player in the field of marketing services and technology. With continued solid contributions from LiveRamp, Acxiom is striving to improve the functionality of its products across all channels and devices. It continues to reposition its portfolio by divesting assets that no longer fit its corporate strategy. Additionally, the company’s newly-introduced customized product range is successfully catering to the needs of its clients. However, the company operates in a competitive landscape that is becoming more complex with low barriers to entry. In addition, strength in U.S. dollars, a competitive landscape and soft macroeconomic conditions across the globe remain headwinds for Acxiom.”
Other equities analysts have also issued reports about the stock. Dougherty & Co upped their target price on shares of Acxiom Corp. from $28.00 to $35.00 and gave the stock a buy rating in a research note on Friday, August 5th. Cantor Fitzgerald initiated coverage on shares of Acxiom Corp. in a research note on Wednesday, September 14th. They issued a buy rating and a $31.00 target price for the company. William Blair restated an outperform rating on shares of Acxiom Corp. in a research note on Wednesday, August 10th. Finally, BMO Capital Markets upgraded shares of Acxiom Corp. from a market perform rating to an outperform rating and increased their price objective for the stock from $23.00 to $28.00 in a research note on Friday, August 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $30.75.
Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 25.13 on Friday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 166.42 and a beta of 1.26. Acxiom Corp. has a 52-week low of $17.32 and a 52-week high of $27.24. The company’s 50-day moving average price is $26.21 and its 200-day moving average price is $23.31.
Acxiom Corp. (NASDAQ:ACXM) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm earned $215 million during the quarter, compared to analyst estimates of $203.38 million. Acxiom Corp. had a net margin of 1.35% and a return on equity of 3.44%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. On average, equities research analysts expect that Acxiom Corp. will post $0.59 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Acxiom Corp. by 5.3% in the second quarter. Vanguard Group Inc. now owns 5,581,688 shares of the company’s stock worth $122,741,000 after buying an additional 280,115 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Acxiom Corp. by 2.8% in the second quarter. BlackRock Fund Advisors now owns 3,871,138 shares of the company’s stock worth $85,126,000 after buying an additional 105,097 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Acxiom Corp. by 3.6% in the second quarter. Lord Abbett & CO. LLC now owns 3,371,499 shares of the company’s stock worth $74,139,000 after buying an additional 118,093 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Acxiom Corp. by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,809,122 shares of the company’s stock worth $61,771,000 after buying an additional 145,724 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Acxiom Corp. by 0.4% in the second quarter. State Street Corp now owns 2,402,129 shares of the company’s stock worth $52,824,000 after buying an additional 10,229 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.
Acxiom Corp. 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.