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.”
A number of other brokerages have also issued reports on ACXM. BMO Capital Markets upgraded shares of Acxiom Corp. from a market perform rating to an outperform rating and increased their target price for the company from $23.00 to $28.00 in a research report on Friday, August 5th. Cantor Fitzgerald started coverage on shares of Acxiom Corp. in a research report on Wednesday, September 14th. They issued a buy rating and a $31.00 target price for the company. William Blair reiterated an outperform rating on shares of Acxiom Corp. in a research report on Wednesday, August 10th. Finally, Dougherty & Co increased their target price on shares of Acxiom Corp. from $28.00 to $35.00 and gave the company a buy rating in a research report 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’s stock. Acxiom Corp. has a consensus rating of Buy and an average price target of $30.75.
Acxiom Corp. (NASDAQ:ACXM) opened at 25.25 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 167.22 and a beta of 1.26. The stock has a 50 day moving average of $26.20 and a 200-day moving average of $23.32. Acxiom Corp. has a 52-week low of $17.32 and a 52-week high of $27.24.
Acxiom Corp. (NASDAQ:ACXM) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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%. Acxiom Corp.’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, analysts expect that Acxiom Corp. will post $0.59 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Acxiom Corp. by 2.1% in the first quarter. State Street Corp now owns 2,391,900 shares of the company’s stock valued at $51,284,000 after buying an additional 49,798 shares during the period. Victory Capital Management Inc. raised its position in Acxiom Corp. by 2.7% in the second quarter. Victory Capital Management Inc. now owns 2,078,700 shares of the company’s stock valued at $45,710,000 after buying an additional 54,925 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Acxiom Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,346 shares of the company’s stock valued at $48,590,000 after buying an additional 43,115 shares during the period. Teachers Advisors Inc. raised its position in Acxiom Corp. by 2.6% in the first quarter. Teachers Advisors Inc. now owns 116,687 shares of the company’s stock valued at $2,502,000 after buying an additional 2,956 shares during the period. Finally, Prudential Financial Inc. raised its position in Acxiom Corp. by 8.7% in the first quarter. Prudential Financial Inc. now owns 54,299 shares of the company’s stock valued at $1,165,000 after buying an additional 4,358 shares during the period. Institutional investors own 96.13% of the company’s stock.
About Acxiom Corp.
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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