Brokerages forecast that Acxiom Co. (NASDAQ:ACXM) will report earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Acxiom’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.22. Acxiom reported earnings of $0.22 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Acxiom will report full-year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.96. For the next year, analysts forecast that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Acxiom.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Thursday, August 9th. The information technology services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Acxiom had a return on equity of 3.93% and a net margin of 2.34%. The business had revenue of $227.00 million during the quarter, compared to the consensus estimate of $220.26 million. During the same period in the prior year, the company earned $0.14 EPS. Acxiom’s revenue for the quarter was up 6.8% on a year-over-year basis.

Several equities analysts have commented on ACXM shares. ValuEngine upgraded Acxiom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. BidaskClub downgraded Acxiom from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Wells Fargo & Co increased their target price on Acxiom from $41.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. BMO Capital Markets increased their target price on Acxiom from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $42.00.

In other news, insider James F. Arra sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $43.52, for a total transaction of $217,600.00. Following the completion of the transaction, the insider now directly owns 210,970 shares in the company, valued at $9,181,414.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Warren Jenson sold 72,783 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $43.10, for a total value of $3,136,947.30. Following the transaction, the chief financial officer now owns 234,612 shares of the company’s stock, valued at $10,111,777.20. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Acxiom by 3.5% during the second quarter. BlackRock Inc. now owns 8,648,550 shares of the information technology services provider’s stock worth $259,023,000 after acquiring an additional 293,817 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Acxiom by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 7,176,668 shares of the information technology services provider’s stock worth $214,940,000 after acquiring an additional 254,869 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Acxiom by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,238,319 shares of the information technology services provider’s stock worth $96,988,000 after acquiring an additional 118,319 shares during the last quarter. Newport Trust Co raised its position in shares of Acxiom by 1.4% during the second quarter. Newport Trust Co now owns 2,218,048 shares of the information technology services provider’s stock worth $66,431,000 after acquiring an additional 31,439 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of Acxiom by 75.6% during the first quarter. Earnest Partners LLC now owns 832,524 shares of the information technology services provider’s stock worth $18,907,000 after acquiring an additional 358,297 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Shares of ACXM stock traded up $0.32 on Friday, hitting $50.59. 6,595 shares of the company’s stock were exchanged, compared to its average volume of 575,997. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.31. Acxiom has a 12 month low of $18.60 and a 12 month high of $50.71. The company has a market cap of $3.73 billion, a P/E ratio of 115.39, a P/E/G ratio of 28.35 and a beta of 1.42.

About Acxiom

Acxiom Corporation operates a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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