Acxiom (ACXM) Shares Up 5.5%

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Shares of Acxiom Co. (NASDAQ:ACXM) shot up 5.5% during mid-day trading on Tuesday . The company traded as high as $34.34 and last traded at $39.45. 216,412 shares changed hands during trading, a decline of 70% from the average session volume of 728,310 shares. The stock had previously closed at $37.39.

A number of brokerages recently issued reports on ACXM. ValuEngine raised Acxiom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BidaskClub raised Acxiom from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. TheStreet raised Acxiom from a “c+” rating to a “b-” rating in a research report on Wednesday, May 23rd. BMO Capital Markets raised their price objective on Acxiom from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Acxiom from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Acxiom currently has a consensus rating of “Buy” and a consensus target price of $34.00.

The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 89.66, a PEG ratio of 19.01 and a beta of 1.26. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.30.

Acxiom (NASDAQ:ACXM) last released its earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $244.80 million during the quarter, compared to the consensus estimate of $239.56 million. Acxiom had a return on equity of 3.84% and a net margin of 2.56%. Acxiom’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. research analysts predict that Acxiom Co. will post 0.18 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACXM. Teacher Retirement System of Texas acquired a new position in Acxiom in the 4th quarter valued at about $748,000. California Public Employees Retirement System grew its position in Acxiom by 12.5% in the 4th quarter. California Public Employees Retirement System now owns 167,583 shares of the information technology services provider’s stock valued at $4,619,000 after acquiring an additional 18,683 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Acxiom by 8.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 189,261 shares of the information technology services provider’s stock valued at $5,216,000 after acquiring an additional 14,662 shares in the last quarter. Arizona State Retirement System grew its position in Acxiom by 26.2% in the 4th quarter. Arizona State Retirement System now owns 57,016 shares of the information technology services provider’s stock valued at $1,571,000 after acquiring an additional 11,825 shares in the last quarter. Finally, BlackRock Inc. grew its position in Acxiom by 0.9% in the 4th quarter. BlackRock Inc. now owns 8,354,199 shares of the information technology services provider’s stock valued at $230,243,000 after acquiring an additional 72,598 shares in the last quarter. 98.73% of the stock is owned by institutional investors.

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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