Acxiom Corporation (NASDAQ:ACXM) Downgraded by BidaskClub to Strong Sell

BidaskClub downgraded shares of Acxiom Corporation (NASDAQ:ACXM) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

Several other research firms have also recently weighed in on ACXM. Cantor Fitzgerald restated an overweight rating and set a $35.00 price objective (up previously from $33.00) on shares of Acxiom Corporation in a research report on Wednesday, May 17th. BMO Capital Markets restated a buy rating and set a $32.00 price objective on shares of Acxiom Corporation in a research report on Monday, April 17th. Finally, Zacks Investment Research upgraded shares of Acxiom Corporation from a sell rating to a hold rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Acxiom Corporation presently has a consensus rating of Hold and an average target price of $33.20.

Acxiom Corporation (ACXM) traded up 0.92% during mid-day trading on Tuesday, hitting $22.97. 794,135 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $25.95 and its 200-day moving average price is $27.24. The stock’s market cap is $1.83 billion. Acxiom Corporation has a 12 month low of $22.64 and a 12 month high of $30.40.

Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $213 million for the quarter, compared to analysts’ expectations of $217.32 million. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Equities analysts expect that Acxiom Corporation will post $0.80 EPS for the current fiscal year.

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In other news, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total transaction of $99,613.20. Following the sale, the director now owns 80,506 shares in the company, valued at approximately $2,080,275.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.54% of the company’s stock.

A number of institutional investors have recently modified their holdings of ACXM. OppenheimerFunds Inc. acquired a new position in shares of Acxiom Corporation during the first quarter worth approximately $260,000. BlackRock Inc. boosted its position in shares of Acxiom Corporation by 19,342.4% in the first quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock worth $229,535,000 after buying an additional 8,020,907 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Acxiom Corporation by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 124,371 shares of the information technology services provider’s stock worth $3,541,000 after buying an additional 353 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Acxiom Corporation by 7.0% in the second quarter. OLD National Bancorp IN now owns 12,889 shares of the information technology services provider’s stock worth $335,000 after buying an additional 844 shares during the last quarter. Finally, Pembroke Management LTD boosted its position in shares of Acxiom Corporation by 14.7% in the second quarter. Pembroke Management LTD now owns 461,500 shares of the information technology services provider’s stock worth $11,989,000 after buying an additional 59,200 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.

About Acxiom Corporation

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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