Acxiom (NASDAQ:ACXM) had its target price boosted by research analysts at BMO Capital Markets from $46.00 to $52.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 17.73% from the stock’s current price.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Acxiom from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. ValuEngine raised Acxiom from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 4th. BidaskClub raised Acxiom from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. TheStreet raised Acxiom from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. Finally, Wells Fargo & Co increased their price objective on Acxiom from $41.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.60.

Acxiom opened at $44.17 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.02 and a quick ratio of 2.02. Acxiom has a one year low of $18.60 and a one year high of $45.72. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 100.39, a price-to-earnings-growth ratio of 24.08 and a beta of 1.38.

Acxiom (NASDAQ:ACXM) last released its quarterly earnings results on Thursday, August 9th. The information technology services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Acxiom had a return on equity of 3.88% and a net margin of 2.34%. The company had revenue of $227.00 million during the quarter, compared to analysts’ expectations of $220.26 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. equities analysts predict that Acxiom will post 0.18 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc increased its holdings in shares of Acxiom by 385.7% in the second quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 2,700 shares during the period. Dimensional Fund Advisors LP grew its holdings in Acxiom by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,238,319 shares of the information technology services provider’s stock worth $96,988,000 after acquiring an additional 118,319 shares during the period. Frontier Investment Mgmt Co. acquired a new stake in Acxiom during the second quarter worth about $599,000. BlackRock Inc. grew its holdings in Acxiom by 3.5% during the second quarter. BlackRock Inc. now owns 8,648,550 shares of the information technology services provider’s stock worth $259,023,000 after acquiring an additional 293,817 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Acxiom during the second quarter worth about $806,000. 97.78% of the stock is currently owned by institutional investors and hedge funds.

About Acxiom

Acxiom Corporation operates 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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The Fly

Analyst Recommendations for Acxiom (NASDAQ:ACXM)

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