Notable Price Action: Can Acxiom Corporation’s Tomorrow be Different? The Stock Just Broke Its High

Notable Price Action: Can Acxiom Corporation's Tomorrow be Different? The Stock Just Broke Its High

The stock of Acxiom Corporation (NASDAQ:ACXM) hit a new 52-week high and has $28.34 target or 3.00% above today’s $27.51 share price. The 7 months bullish chart indicates low risk for the $2.16 billion company. The 1-year high was reported on Nov, 25 by If the $28.34 price target is reached, the company will be worth $64.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 42,432 shares traded hands. Acxiom Corporation (NASDAQ:ACXM) has risen 25.15% since April 22, 2016 and is uptrending. It has outperformed by 19.74% the S&P500.

Analysts await Acxiom Corporation (NASDAQ:ACXM) to report earnings on February, 2. They expect $0.06 EPS, down 25.00% or $0.02 from last year’s $0.08 per share. ACXM’s profit will be $4.71M for 114.63 P/E if the $0.06 EPS becomes a reality. After $0.08 actual EPS reported by Acxiom Corporation for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Acxiom Corporation (NASDAQ:ACXM) Ratings Coverage

Out of 5 analysts covering Acxiom Corporation (NASDAQ:ACXM), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $36 is the highest target while $20 is the lowest. The $30 average target is 9.05% above today’s ($27.51) stock price. Acxiom Corporation has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by William Blair on Wednesday, June 1 with “Outperform”. Dougherty & Company maintained Acxiom Corporation (NASDAQ:ACXM) rating on Friday, August 5. Dougherty & Company has “Buy” rating and $35 price target. Dougherty & Company maintained Acxiom Corporation (NASDAQ:ACXM) on Friday, November 18 with “Buy” rating. The rating was downgraded by First Analysis to “Equal-Weight” on Friday, November 18. The firm earned “Buy” rating on Thursday, September 15 by Cantor Fitzgerald. BMO Capital Markets maintained it with “Market Perform” rating and $23 target price in Friday, February 5 report. As per Friday, August 5, the company rating was upgraded by BMO Capital Markets. The rating was initiated by Dougherty & Company on Tuesday, May 24 with “Buy”.

According to Zacks Investment Research, “Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom’s innovative solutions are Customer Data Integration technology, data, database services, IT outsourcing, consulting and analytics, and privacy leadership. Acxiom integrates data, services and technology to create innovative, real-time solutions that improve your customer relationships and grow your bottom line. In a complicated IT world, we make it simple.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.03, from 1.37 in 2016Q1. The ratio improved, as 21 funds sold all Acxiom Corporation shares owned while 39 reduced positions. 17 funds bought stakes while 65 increased positions. They now own 71.06 million shares or 3.13% less from 73.35 million shares in 2016Q1.
The Oregon-based Tygh Mgmt has invested 0.69% in Acxiom Corporation (NASDAQ:ACXM). Keybank National Association Oh accumulated 0.01% or 68,100 shares. Independent Portfolio Consultants reported 805 shares or 0.01% of all its holdings. Gotham Asset Mgmt Limited Co reported 26,550 shares or 0.01% of all its holdings. Kbc Group Nv has 0.01% invested in the company for 24,103 shares. Rice Hall James And Limited Liability reported 765,176 shares or 0.97% of all its holdings. Prudential holds 0% of its portfolio in Acxiom Corporation (NASDAQ:ACXM) for 49,641 shares. Northcoast Asset Ltd Liability Company accumulated 92,410 shares or 0.14% of the stock. Horrell owns 27,000 shares or 0.36% of their US portfolio. Waddell Reed Finance has 11.42M shares for 0.53% of their US portfolio. Manufacturers Life The has 0.01% invested in the company for 155,044 shares. Price T Rowe Associate Inc Md reported 30,100 shares or 0% of all its holdings. Proshare Advisors owns 16,340 shares or 0% of their US portfolio. Envestnet Asset holds 0% or 12,436 shares in its portfolio. Mariner Wealth Advisors Ltd Com holds 21,958 shares or 0.03% of its portfolio.

Insider Transactions: Since July 6, 2016, the stock had 0 insider buys, and 2 insider sales for $1.27 million net activity. The insider May S. Travis sold 31,354 shares worth $682,087.

Another recent and important Acxiom Corporation (NASDAQ:ACXM) news was published by which published an article titled: “Why Acxiom Corp. Shares Sank on Wednesday” on May 18, 2016.

ACXM Company Profile

Acxiom Corporation (Acxiom), incorporated on October 28, 1983, is a technology and enablement services company. The Firm operates through three business divisions: Marketing Services, Audience Solutions, and Connectivity. The Firm serves a global client base from locations in the United States, Europe and the Asia-Pacific region. The Company’s client base includes organizations in these regions across industry verticals, including financial, insurance and investment services, automotive, retail, telecommunications, healthcare, travel, entertainment, non-profit and government.

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