Stephens Boosts Acxiom (ACXM) Price Target to $35.00

Acxiom (NASDAQ:ACXM) had its price objective hoisted by analysts at Stephens from $31.00 to $35.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Stephens’ price target would suggest a potential upside of 21.65% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other brokerages also recently weighed in on ACXM. Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Cantor Fitzgerald restated a “buy” rating and issued a $35.00 target price on shares of Acxiom in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets restated a “buy” rating and issued a $32.00 target price on shares of Acxiom in a research note on Wednesday, November 22nd. Finally, TheStreet upgraded shares of Acxiom from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $34.00.

Acxiom (NASDAQ:ACXM) opened at $28.77 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.21 and a current ratio of 2.21. Acxiom has a one year low of $21.80 and a one year high of $29.75. The stock has a market cap of $2,243.29, a P/E ratio of 239.75, a PEG ratio of 9.78 and a beta of 1.25.

Acxiom (NASDAQ:ACXM) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.20. The company had revenue of $234.87 million during the quarter, compared to the consensus estimate of $237.36 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. Acxiom’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. analysts predict that Acxiom will post 0.29 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shelton Capital Management purchased a new position in shares of Acxiom in the second quarter worth $213,000. Cipher Capital LP purchased a new position in shares of Acxiom in the third quarter worth $262,000. Meadow Creek Investment Management LLC raised its holdings in shares of Acxiom by 28.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock worth $289,000 after buying an additional 2,352 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Acxiom in the fourth quarter worth $300,000. Finally, American Century Companies Inc. purchased a new position in shares of Acxiom in the fourth quarter worth $304,000. Institutional investors own 98.54% of the company’s stock.

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Acxiom 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.

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