ACI Worldwide (NASDAQ:ACIW) Now Covered by BTIG Research

BTIG Research began coverage on shares of ACI Worldwide (NASDAQ:ACIW) in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $40.00 target price on the technology company’s stock.

A number of other equities analysts also recently issued reports on ACIW. ValuEngine raised ACI Worldwide from a hold rating to a buy rating in a research note on Tuesday. BidaskClub raised ACI Worldwide from a sell rating to a hold rating in a research note on Tuesday. Finally, Zacks Investment Research raised ACI Worldwide from a strong sell rating to a hold rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. ACI Worldwide has a consensus rating of Buy and an average price target of $38.33.

ACIW traded down $0.03 on Thursday, hitting $32.87. 79,908 shares of the company traded hands, compared to its average volume of 848,572. The stock has a market capitalization of $3.59 billion, a PE ratio of 29.65 and a beta of 1.29. The company has a 50 day moving average of $30.43 and a 200-day moving average of $32.49. ACI Worldwide has a 12-month low of $24.02 and a 12-month high of $35.86. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33.



ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.24. The business had revenue of $297.62 million during the quarter, compared to the consensus estimate of $284.55 million. ACI Worldwide had a return on equity of 10.14% and a net margin of 7.74%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) EPS.

Several hedge funds have recently modified their holdings of ACIW. Dimensional Fund Advisors LP grew its holdings in shares of ACI Worldwide by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,101,413 shares of the technology company’s stock worth $85,815,000 after acquiring an additional 73,304 shares during the period. Geode Capital Management LLC grew its holdings in shares of ACI Worldwide by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 1,312,504 shares of the technology company’s stock worth $36,316,000 after acquiring an additional 85,580 shares during the period. Rhumbline Advisers grew its holdings in shares of ACI Worldwide by 0.8% in the 1st quarter. Rhumbline Advisers now owns 380,158 shares of the technology company’s stock worth $12,496,000 after acquiring an additional 2,867 shares during the period. Texas Permanent School Fund grew its holdings in shares of ACI Worldwide by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 78,859 shares of the technology company’s stock worth $2,592,000 after acquiring an additional 2,963 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of ACI Worldwide by 8.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 94,315 shares of the technology company’s stock worth $3,100,000 after acquiring an additional 7,549 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

Featured Story: What type of investment options does a Roth IRA provide?

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.