Acxiom (NASDAQ:ACXM) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Acxiom (NASDAQ:ACXM) from a hold rating to a sell rating in a research report sent to investors on Tuesday, January 2nd.

According to Zacks, “Acxiom provides solutions that make it easier for marketers to deliver relevant messages at scale and tie those messages back to actual results. Shares of the company have underperformed the industry over the past one year. With low barriers to entry, the industry has become more complex and highly competitive. Such high level of competition can lead to unwanted price cuts, higher advertising expenses and changes in marketing mix and affect the company’s revenues and margins. Financial sector services form a significant portion of Acxiom’s revenues and any slowdown or can have an adverse impact on the company’s overall performance. Nonetheless, Acxiom has emerged as a formidable player in the field of marketing services and technology. We believe that the recent partnerships will augment revenues in the long run. Moreover, expanding customer base is significantly positive in our view.”

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a buy rating and set a $32.00 price target on shares of Acxiom in a research report on Wednesday, November 22nd. Cantor Fitzgerald reaffirmed a buy rating and set a $35.00 price target on shares of Acxiom in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $32.33.

Acxiom (NASDAQ:ACXM) opened at $28.32 on Tuesday. The stock has a market capitalization of $2,270.00, a price-to-earnings ratio of -188.80, a PEG ratio of 8.13 and a beta of 1.29. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.30. Acxiom has a 12-month low of $21.80 and a 12-month high of $30.40.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The business had revenue of $225.24 million for the quarter, compared to the consensus estimate of $222.05 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts anticipate that Acxiom will post 0.35 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC purchased a new stake in shares of Acxiom during the 2nd quarter worth about $119,000. Riverhead Capital Management LLC boosted its stake in shares of Acxiom by 73.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 1,994 shares in the last quarter. Shelton Capital Management purchased a new position in Acxiom in the 2nd quarter valued at about $213,000. Quantbot Technologies LP lifted its stake in Acxiom by 384.9% in the 2nd quarter. Quantbot Technologies LP now owns 8,825 shares of the information technology services provider’s stock valued at $229,000 after buying an additional 7,005 shares in the last quarter. Finally, Cipher Capital LP purchased a new position in Acxiom in the 3rd quarter valued at about $262,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

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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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