ACI Worldwide (NASDAQ:ACIW) Downgraded to Equal Weight at Stephens

Stephens lowered shares of ACI Worldwide (NASDAQ:ACIW) from an overweight rating to an equal weight rating in a research note released on Friday morning, Marketbeat.com reports.

ACIW has been the topic of several other research reports. DA Davidson increased their price target on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group lifted their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average target price of $48.75.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $49.02 on Friday. ACI Worldwide has a fifty-two week low of $19.56 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50 day moving average price of $49.45 and a 200 day moving average price of $41.57. The stock has a market capitalization of $5.13 billion, a P/E ratio of 29.01 and a beta of 1.19.

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

Institutional Trading of ACI Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of ACI Worldwide by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after buying an additional 1,228,384 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after purchasing an additional 743,595 shares during the last quarter. Swedbank AB increased its holdings in shares of ACI Worldwide by 228.6% in the second quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock valued at $13,009,000 after purchasing an additional 228,600 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of ACI Worldwide during the second quarter worth approximately $7,696,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of ACI Worldwide during the second quarter worth $7,353,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

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.