Latest Stocks: Cantor Fitzgerald Reiterates Overweight Rating for Acxiom Co. (ACXM)

Latest Stocks: Cantor Fitzgerald Reiterates Overweight Rating for Acxiom Co. (ACXM)

Acxiom Co. (NASDAQ:ACXM)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a research report issued on Wednesday, May 17th. They presently have a $35.00 price target on the information technology services provider’s stock, up from their previous price target of $33.00. Cantor Fitzgerald’s price objective would indicate a potential upside of 32.33% from the stock’s previous close.

Several other brokerages have also recently issued reports on ACXM. BMO Capital Markets restated an “outperform” rating and set a $32.00 price objective on shares of Acxiom in a research note on Wednesday, February 1st. Zacks Investment Research cut Acxiom from a “buy” rating to a “hold” rating in a research report on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.20.

Shares of Acxiom (NASDAQ ACXM) opened at 26.45 on Wednesday. The company has a 50 day moving average price of $27.53 and a 200 day moving average price of $27.54. Acxiom has a 12-month low of $20.47 and a 12-month high of $30.40. The company has a market capitalization of $2.08 billion, a P/E ratio of 529.00 and a beta of 1.10.

Hedge funds have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. boosted its stake in Acxiom by 4.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 953,269 shares of the information technology services provider’s stock valued at $25,405,000 after buying an additional 40,749 shares in the last quarter. HighVista Strategies LLC acquired a new stake in Acxiom during the third quarter valued at approximately $3,022,000. Northern Trust Corp boosted its stake in Acxiom by 6.5% in the third quarter. Northern Trust Corp now owns 2,061,060 shares of the information technology services provider’s stock valued at $54,927,000 after buying an additional 126,649 shares in the last quarter. California State Teachers Retirement System boosted its stake in Acxiom by 0.9% in the third quarter. California State Teachers Retirement System now owns 164,146 shares of the information technology services provider’s stock valued at $4,374,000 after buying an additional 1,500 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Acxiom during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 97.91% of the company’s stock. Acxiom Company Profile

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