BMO Capital Reiterates a Buy Rating on Acxiom Corp

By Ryan Adsit

BMO Capital analyst Daniel Salmon reiterated a Buy rating on Acxiom Corp (NASDAQ: ACXM) today and set a price target of $33. The company’s shares closed on Friday at $24.59.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 16.7% and a 68.8% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.

Currently, the analyst consensus on Acxiom Corp is Strong Buy and the average price target is $32.67, representing a 32.9% upside.

In a report issued on April 2, Wells Fargo also reiterated a Buy rating on the stock with a $33 price target.

Based on Acxiom Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $235 million and quarterly net profit of $22.94 million. In comparison, last year the company earned revenue of $225 million and had a GAAP net loss of $8.08 million.

Based on the recent corporate insider activity of 85 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Acxiom Corp. engages in marketing database and business intelligence development. It operates through the following segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment activates data and makes it portable across the open marketing ecosystem.