Several other research firms have also recently commented on ACIW. BTIG Research began coverage on ACI Worldwide in a report on Thursday, September 12th. They issued a buy rating and a $40.00 price target for the company. ValuEngine cut ACI Worldwide from a buy rating to a hold rating in a report on Wednesday, September 25th. Finally, Zacks Investment Research raised ACI Worldwide from a strong sell rating to a hold rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ACI Worldwide has a consensus rating of Hold and a consensus target price of $38.33.
ACI Worldwide stock traded up $0.12 during midday trading on Wednesday, reaching $30.80. 28,858 shares of the company were exchanged, compared to its average volume of 782,415. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 27.75 and a beta of 1.29. The firm’s 50-day simple moving average is $30.56 and its 200-day simple moving average is $32.32. ACI Worldwide has a 1 year low of $24.02 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.29.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.24. The firm had revenue of $297.62 million during the quarter, compared to analysts’ expectations of $284.55 million. ACI Worldwide had a return on equity of 10.14% and a net margin of 7.74%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Victory Capital Management Inc. acquired a new position in shares of ACI Worldwide in the 2nd quarter valued at about $72,562,000. TimesSquare Capital Management LLC lifted its stake in shares of ACI Worldwide by 32.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,058,790 shares of the technology company’s stock valued at $70,699,000 after purchasing an additional 503,630 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of ACI Worldwide in the 2nd quarter valued at about $16,357,000. Wells Fargo & Company MN lifted its position in ACI Worldwide by 69.1% during the 1st quarter. Wells Fargo & Company MN now owns 927,392 shares of the technology company’s stock worth $30,483,000 after acquiring an additional 378,865 shares in the last quarter. Finally, Parnassus Investments CA lifted its position in ACI Worldwide by 21.9% during the 2nd quarter. Parnassus Investments CA now owns 1,863,944 shares of the technology company’s stock worth $64,008,000 after acquiring an additional 334,511 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
ACI Worldwide Company Profile
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.
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