Cantor Fitzgerald Initiates Coverage on Acxiom Corporation to Buy

Cantor Fitzgerald Initiates Coverage on Acxiom Corporation(NASDAQ:ACXM). The shares have been rated Buy. The rating by Cantor Fitzgerald was issued on Sep 15, 2016.

In a different note, On Aug 5, 2016, BMO Capital said it Upgrades its rating on Acxiom Corporation. The shares have been rated ‘Outperform’ by the firm.

Acxiom Corporation (ACXM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.30% or 0.08 points. Due to strong positive momentum, the stock ended at $26.76, which is also near the day’s high of $26.89. The stock began the session at $26.85 and the volume stood at 3,38,635 shares. The 52-week high of the shares is $27.03 and the 52 week low is $17.32. The company has a current market capitalization of $2,071 M and it has 7,74,09,054 shares in outstanding.

Acxiom Corporation(ACXM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $214.80M. Analysts had an estimated revenue of $203.74M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, S. Travis May (Divisional President) sold 31,354 shares at $21.75 per share price.Also, On May 20, 2016, John L. Battelle (director) purchased 1,251 shares at $19.97 per share price.On Mar 17, 2016, Richard E. Erwin (Divisional President) purchased 23,556 shares at $20.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Acxiom Corporation is an enterprise data analytics and software-as-a-service company. The Company’s operating segments include Marketing and Data Services IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration Consumer Insight Solutions Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services) e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals including financial insurance and investment services automotive retail telecommunications high tech healthcare travel entertainment non-profit and government. It operates in the United States Europe South America and the Asia-Pacific region.

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