Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Target Price at $39.00

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average recommendation of “Buy” by the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.00.

Several equities analysts have commented on ACIW shares. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a report on Thursday, March 14th. Jefferies Financial Group began 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. Finally, TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th.

ACI Worldwide Trading Up 2.1 %

Shares of ACI Worldwide stock opened at $33.21 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $31.18 and a 200 day simple moving average of $27.54. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $33.43. The company has a market capitalization of $3.53 billion, a P/E ratio of 29.92 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that ACI Worldwide will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of ACI Worldwide

A number of large investors have recently bought and sold shares of ACIW. Stifel Financial Corp raised its position in shares of ACI Worldwide by 1.1% in the fourth quarter. Stifel Financial Corp now owns 34,440 shares of the technology company’s stock valued at $1,054,000 after purchasing an additional 384 shares during the period. Mariner LLC grew its stake in ACI Worldwide by 3.7% in the 1st quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock valued at $346,000 after buying an additional 392 shares in the last quarter. NBC Securities Inc. raised its holdings in ACI Worldwide by 1.8% during the 4th quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock valued at $731,000 after acquiring an additional 412 shares during the period. Credit Suisse AG lifted its position in shares of ACI Worldwide by 0.3% during the second quarter. Credit Suisse AG now owns 154,775 shares of the technology company’s stock worth $4,007,000 after acquiring an additional 434 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after acquiring an additional 444 shares during the period. 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.