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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have received a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $60.00.

A number of brokerages have recently commented on ACIW. DA Davidson upgraded shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, May 12th. Wall Street Zen upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Insider Buying and Selling

In other news, CEO Thomas W. Warsop III acquired 5,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $48.57 per share, with a total value of $242,850.00. Following the transaction, the chief executive officer now owns 326,922 shares in the company, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the sale, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after purchasing an additional 370 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of ACI Worldwide by 32.3% in the 1st quarter. Intech Investment Management LLC now owns 72,763 shares of the technology company’s stock valued at $3,981,000 after buying an additional 17,767 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in shares of ACI Worldwide by 67.7% in the 1st quarter. Bayforest Capital Ltd now owns 4,249 shares of the technology company’s stock valued at $232,000 after buying an additional 1,716 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of ACI Worldwide by 13.7% in 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 buying an additional 48,988 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of ACI Worldwide by 64.2% in the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after buying an additional 6,399 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $46.29 on Friday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 21.94 and a beta of 1.14. ACI Worldwide has a 12 month low of $33.32 and a 12 month high of $59.71. The firm’s 50 day simple moving average is $51.67 and its 200-day simple moving average is $52.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million for the quarter, compared to analysts’ expectations of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Analysts expect that ACI Worldwide will post 2 EPS for the current year.

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.