BMO Capital Believes ACXM Won’t Stop Here

By Carrie Williams

BMO Capital analyst Daniel Salmon reiterated a Buy rating on Acxiom Corp. (NASDAQ: ACXM) on November 18. The company’s shares opened today at $27, close to its 52-week high of $27.38.

According to TipRanks.com, Salmon is a 4-star analyst with an average return of 4.6% and a 69.3% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Sys., and Publicis Groupe SA.

Currently, the analyst consensus on Acxiom Corp. is Moderate Buy and the average price target is $31, representing a 14.8% upside.

In a report issued on November 4, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $31 price target.

Acxiom Corp.’s market cap is currently $2.08B and has a P/E ratio of 234.06. The company has a book value ratio of 2.9383.

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.