ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) saw strong trading volume on Friday . 531,509 shares were traded during mid-day trading, a decline of 40% from the previous session’s volume of 884,448 shares.The stock last traded at $26.09 and had previously closed at $25.78.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of ACI Worldwide from $29.00 to $34.00 in a report on Thursday, March 2nd. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a report on Thursday, March 2nd. StockNews.com assumed coverage on shares of ACI Worldwide in a report on Thursday. They issued a “hold” rating on the stock. Finally, Stephens boosted their price target on shares of ACI Worldwide from $27.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.67.
ACI Worldwide Price Performance
The stock has a fifty day moving average of $26.63 and a 200-day moving average of $23.51. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.38 and a beta of 1.10.
Hedge Funds Weigh In On ACI Worldwide
About ACI Worldwide
ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.
- Get a free copy of the StockNews.com research report on ACI Worldwide (ACIW)
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