Acxiom Corp. Receives a Buy from Cantor Fitzgerald

By Jason Carr

Cantor Fitzgerald analyst Kip Paulson reiterated a Buy rating on Acxiom Corp. (NASDAQ: ACXM) yesterday and set a price target of $32. The company’s shares opened today at $26.91, close to its 52-week high of $27.38.

Paulson observed:

“Acxiom’s LiveRamp entered into definitive agreements to acquire Arbor and Circulate for ~$140M (14x EBITDA), increasing the scale of LiveRamp’s.”

According to TipRanks.com, Paulson is a 4-star analyst with an average return of 14.9% and a 87.5% success rate. Paulson covers the Technology sector, focusing on stocks such as Nielsen Holdings, Alibaba Group, and Facebook Inc.

Currently, the analyst consensus on Acxiom Corp. is Moderate Buy and the average price target is $30, representing an 11.5% upside.

In a report issued on November 8, BMO Capital also reiterated a Buy rating on the stock with a $28 price target.

Acxiom Corp.’s market cap is currently $2.1B and has a P/E ratio of 236.15. The company has a book value ratio of 2.9646.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACXM in relation to earlier this year. Most recently, in July 2016, Travis May, the Divisional President of ACXM bought 15,876 shares for a total of $16,517.

Acxiom Corp. engages in marketing database and business intelligence development. It operates through the following segments: Marketing Services, Audience Solutions, and Connectivity. The Marketing Services segment helps clients unify data at the individual level in a privacy-safe environment and use it to achieve data-driven results. The Audience Solutions segment assists clients validate the accuracy of their people-based data, enhance it with additional insights, and keep it up to date, enabling them to reach audiences with highly relevant messages. The Connectivity segment activates data and makes it portable across the open marketing ecosystem. The company was founded in 1969 and is headquartered in Little Rock, AR.