Brokerages expect Acxiom Corporation (NASDAQ:ACXM) to post $222.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Acxiom Corporation’s earnings. The highest sales estimate is $223.04 million and the lowest is $221.40 million. Acxiom Corporation reported sales of $217.27 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The business is expected to report its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that Acxiom Corporation will report full year sales of $222.22 million for the current year, with estimates ranging from $925.00 million to $925.01 million. For the next financial year, analysts anticipate that the company will post sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Acxiom Corporation.
Acxiom Corporation (NASDAQ:ACXM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The business had revenue of $213.00 million during the quarter, compared to the consensus estimate of $217.32 million. During the same quarter last year, the firm earned $0.15 earnings per share. Acxiom Corporation’s quarterly revenue was down .8% on a year-over-year basis.
Several brokerages have weighed in on ACXM. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Acxiom Corporation in a research report on Wednesday, June 14th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.20.
In related news, CFO Warren Jenson bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $22.09 per share, with a total value of $220,900.00. Following the transaction, the chief financial officer now owns 377,415 shares in the company, valued at approximately $8,337,097.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.54% of the company’s stock.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Acxiom Corporation by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 173,143 shares of the information technology services provider’s stock worth $4,499,000 after acquiring an additional 3,073 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Acxiom Corporation in the 2nd quarter worth about $1,444,000. State Street Corp increased its stake in shares of Acxiom Corporation by 3.9% in the 2nd quarter. State Street Corp now owns 2,535,575 shares of the information technology services provider’s stock worth $65,876,000 after acquiring an additional 94,650 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of Acxiom Corporation in the 2nd quarter worth about $119,000. Finally, Shelton Capital Management bought a new position in shares of Acxiom Corporation in the 2nd quarter worth about $213,000. 94.61% of the stock is owned by hedge funds and other institutional investors.
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Shares of Acxiom Corporation (ACXM) traded up 0.42% during trading on Wednesday, reaching $23.90. 113,314 shares of the company were exchanged. The stock’s market capitalization is $1.90 billion. The stock has a 50-day moving average price of $23.51 and a 200-day moving average price of $26.27. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40.
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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