ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Average Rating of “Moderate Buy” from Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $48.75.

ACIW has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Canaccord Genuity Group lifted their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, DA Davidson lifted their price objective on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday.

ACI Worldwide Stock Down 0.1 %

ACI Worldwide stock opened at $52.63 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $53.29. The firm has a 50 day moving average price of $49.11 and a two-hundred day moving average price of $41.16. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 31.14 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million during the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Equities analysts predict that ACI Worldwide will post 1.96 EPS for the current year.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in ACI Worldwide by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after acquiring an additional 1,228,384 shares during the last quarter. NBC Securities Inc. boosted its holdings in ACI Worldwide by 2.9% during the 1st quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock worth $816,000 after acquiring an additional 689 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ACI Worldwide by 11.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock worth $6,690,000 after acquiring an additional 20,364 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in ACI Worldwide by 8.9% during the 1st quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock worth $3,047,000 after acquiring an additional 7,466 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after acquiring an additional 3,307 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.