Acxiom Corporation (ACXM) is Initiated by Dougherty & Company to Buy, Price Target at $28

Acxiom Corporation (ACXM) was Initiated by Dougherty & Company to “Buy” and the brokerage firm has set the Price Target at $28. Dougherty & Company advised their investors in a research report released on May 24, 2016.

On the company’s financial health, Acxiom Corporation reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 17, 2016. Analyst had a consensus of $0.12. The company had revenue of $224.66 million for the quarter, compared to analysts expectations of $213.20 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Acxiom Corporation opened for trading at $19.27 and hit $20.01 on the upside on Friday, eventually ending the session at $19.99, with a gain of 4.22% or 0.81 points. The heightened volatility saw the trading volume jump to 9,27,653 shares. Company has a market cap of $1,554 M.

In a different news, on May 20, 2016, John L. Battelle (director) purchased 1,251 shares at $19.97 per share price. According to the SEC, on Mar 17, 2016, Richard E. Erwin (Divisional President) purchased 23,556 shares at $20.81 per share price. On Mar 14, 2016, Jerry C Jones (Chief Ethics & Legal Officer) sold 8,628 shares at $20.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Acxiom Corporation is an enterprise data analytics and software-as-a-service company. The Company’s operating segments include Marketing and Data Services IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration Consumer Insight Solutions Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services) e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals including financial insurance and investment services automotive retail telecommunications high tech healthcare travel entertainment non-profit and government. It operates in the United States Europe South America and the Asia-Pacific region.

Acxiom Corporation

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