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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have received an average rating of “Buy” from the four analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several analysts have recently commented on the company. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Jefferies Financial Group initiated coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th.

Institutional Trading of ACI Worldwide

Institutional investors and hedge funds have recently modified their holdings of the business. Fred Alger Management LLC grew its holdings in ACI Worldwide by 456.9% during the first quarter. Fred Alger Management LLC now owns 2,094,892 shares of the technology company’s stock valued at $56,520,000 after purchasing an additional 1,718,703 shares during the period. Vanguard Group Inc. grew its holdings in ACI Worldwide by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after purchasing an additional 1,228,384 shares during the period. Norges Bank bought a new position in ACI Worldwide during the fourth quarter valued at $37,509,000. Morgan Stanley grew its holdings in ACI Worldwide by 85.5% during the fourth quarter. Morgan Stanley now owns 2,246,479 shares of the technology company’s stock valued at $51,669,000 after purchasing an additional 1,035,332 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in ACI Worldwide by 9,610.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company’s stock valued at $27,757,000 after purchasing an additional 897,757 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Up 0.1 %

Shares of NASDAQ:ACIW opened at $31.51 on Friday. The business’s 50 day simple moving average is $31.80 and its two-hundred day simple moving average is $28.43. The firm has a market cap of $3.35 billion, a P/E ratio of 28.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $33.83.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. The firm had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. As a group, research analysts forecast that ACI Worldwide will post 1.83 EPS for the current fiscal year.

About ACI Worldwide

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.