( ACXM) announced that it has stepped up its share repurchase plan
to $150 million now. This was done with the clear intent of
bolstering investor returns. Acxiom's share repurchase program
which started in August 2011, has bought back about 6.1 million
shares since then for around $72 million. This accounts for nearly
7% of its total shares outstanding in the market.
The company's incipient proactive advances towards returning
value to investors accrues from its strong cash flow generation
ability. Cash flow from operating activities came in at around
$229.4 million for the fiscal year 2012 and Acxiom spent around $66
million to repurchase a total of 5.6 million shares during that
Looking ahead, management projects its earnings per share (EPS)
to be within 55 cents to 65 cents for fiscal 2013. Strong product
innovations, investment plans and management restructuring are
expected to be the major highlights of the upcoming fiscal year for
However, there are big players prevalent in the industry that
the company should always remain wary of. Ominous rivals in this
CoStar Group Inc.
( CSGP) and
EPAM Systems, Inc.
The Zacks Consensus Estimates for the first quarter and fiscal
2013 stand at 10 cents per share and 61 cents per share,
respectively. We currently have a long-term recommendation of
'Neutral' for the company's stock. In the short run, we have a
Zacks #3 Rank for the stock, which translates into a short-term
rating of 'Hold'.
ACXIOM CORP (ACXM): Free Stock Analysis Report
COSTAR GRP INC (CSGP): Free Stock Analysis
EPAM SYSTEMS (EPAM): Free Stock Analysis Report
UNISYS (UIS): Free Stock Analysis Report
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