Acxiom Corporation (ACXM) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 35

Acxiom Corporation (ACXM) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $28 . Dougherty & Company advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Acxiom Corporation. Company shares were Upgraded by BMO Capital Markets on Aug 5, 2016 to ” Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $23 .Dougherty & Company Initiated Acxiom Corporation on May 24, 2016 to “Buy”, Price Target of the shares are set at $28.

On the company’s financial health, Acxiom Corporation reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.09. The company had revenue of $214.80 million for the quarter, compared to analysts expectations of $202.90 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Acxiom Corporation opened for trading at $22.91 and hit $23.3 on the upside on Thursday, eventually ending the session at $23.1, with a gain of 0.43% or 0.1 points. The heightened volatility saw the trading volume jump to 3,50,495 shares. Company has a market cap of $1,791 M.

In a different news, on Jul 11, 2016, S. Travis May (Divisional President) sold 31,354 shares at $21.75 per share price. According to the SEC, on May 20, 2016, John L. Battelle (director) purchased 1,251 shares at $19.97 per share price. On Mar 17, 2016, Richard E. Erwin (Divisional President) purchased 23,556 shares at $20.81 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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