Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) PT at $60.00

ACI Worldwide, Inc. (NASDAQ:ACIW) has received an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $60.00.

Several research analysts have issued reports on ACIW shares. Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Weiss Ratings cut ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th.

ACI Worldwide Trading Down 2.0%

Shares of NASDAQ:ACIW opened at $43.27 on Thursday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 19.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50-day simple moving average is $41.54 and its two-hundred day simple moving average is $44.32. ACI Worldwide has a 52-week low of $38.05 and a 52-week high of $55.45.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $481.60 million during the quarter, compared to analysts’ expectations of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Analysts expect that ACI Worldwide will post 2.53 EPS for the current year.

Insider Transactions at ACI Worldwide

In related news, Director Adalio T. Sanchez acquired 3,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, with a total value of $122,940.00. Following the transaction, the director directly owned 64,378 shares in the company, valued at approximately $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Juan Benitez II acquired 2,400 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the transaction, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This represents a 16.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACIW. Millennium Management LLC lifted its position in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after buying an additional 97,206 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after buying an additional 711 shares in the last quarter. Caxton Associates LLP bought a new stake in ACI Worldwide during the 1st quarter valued at approximately $259,000. Empowered Funds LLC raised its stake in ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after purchasing an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.