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

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

ACIW has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, DA Davidson reissued a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 14th.

ACI Worldwide Stock Up 3.8 %

Shares of NASDAQ ACIW opened at $33.46 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide has a 52 week low of $19.56 and a 52 week high of $33.83. The firm’s fifty day moving average is $31.92 and its 200 day moving average is $28.77. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 30.14 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results 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 company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts expect that ACI Worldwide will post 1.83 earnings per share for the current year.

Institutional Trading of ACI Worldwide

A number of hedge funds have recently modified their holdings of the business. NBC Securities Inc. boosted its holdings in shares of 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 buying an additional 412 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in ACI Worldwide by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after purchasing an additional 444 shares in the last quarter. Arizona State Retirement System boosted its stake in ACI Worldwide by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 30,842 shares of the technology company’s stock worth $696,000 after purchasing an additional 476 shares in the last quarter. Covestor Ltd boosted its stake in ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares in the last quarter. Finally, Strs Ohio boosted its stake in ACI Worldwide by 142.9% in the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

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.