ACI Worldwide (NASDAQ:ACIW) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a buy rating in a research note released on Saturday.

Several other research analysts also recently commented on the stock. DA Davidson raised their price objective on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.00.

ACI Worldwide Stock Up 3.3%

NASDAQ:ACIW opened at $56.31 on Friday. The company has a market cap of $5.72 billion, a PE ratio of 28.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. ACI Worldwide has a one year low of $38.05 and a one year high of $60.17. The firm’s 50 day simple moving average is $48.43 and its 200 day simple moving average is $44.34.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company had revenue of $425.75 million during the quarter, compared to the consensus estimate of $410.08 million. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that ACI Worldwide will post 2.69 earnings per share for the current year.

Institutional Investors Weigh In On ACI Worldwide

Institutional investors and hedge funds have recently modified their holdings of the stock. Jefferson Bridge Capital LLC purchased a new position in ACI Worldwide during the fourth quarter worth $1,176,000. JPMorgan Chase & Co. increased its position in ACI Worldwide by 39.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock valued at $13,168,000 after purchasing an additional 69,964 shares during the period. WCM Investment Management LLC raised its position in shares of ACI Worldwide by 16.8% in the 1st quarter. WCM Investment Management LLC now owns 516,342 shares of the technology company’s stock worth $20,814,000 after acquiring an additional 74,085 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in ACI Worldwide by 27.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 166,400 shares of the technology company’s stock worth $7,956,000 after purchasing an additional 35,700 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ACI Worldwide in the fourth quarter valued at about $3,290,000. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

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.