ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $39.00 Average Target Price from Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned an average recommendation of “Buy” from the four research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several brokerages have recently commented on ACIW. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 target price on the stock. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. Finally, DA Davidson restated a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a research note on Thursday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in ACI Worldwide by 1.1% during the 4th quarter. Stifel Financial Corp now owns 34,440 shares of the technology company’s stock worth $1,054,000 after buying an additional 384 shares in the last quarter. Mariner LLC lifted its position in ACI Worldwide by 3.7% during the 1st quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock worth $346,000 after buying an additional 392 shares in the last quarter. NBC Securities Inc. lifted its position in ACI Worldwide by 1.8% during the 4th quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock worth $731,000 after buying an additional 412 shares in the last quarter. Credit Suisse AG raised its stake 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 buying an additional 434 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after acquiring an additional 444 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Up 1.4 %

Shares of ACI Worldwide stock opened at $31.95 on Friday. The firm has a market capitalization of $3.40 billion, a PE ratio of 28.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36. The company’s fifty day moving average price is $31.83 and its two-hundred day moving average price is $28.61. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $33.83.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The firm had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, analysts expect that ACI Worldwide will post 1.83 EPS for the current year.

About ACI Worldwide

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.