ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.00.

A number of research analysts have recently weighed in on ACIW shares. Jefferies Financial Group cut their price target on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, May 27th. DA Davidson upgraded ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $45.56 on Tuesday. ACI Worldwide has a fifty-two week low of $35.30 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.59 and a beta of 1.07. The business has a 50-day moving average of $49.53 and a two-hundred day moving average of $51.88.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The business had revenue of $394.57 million during the quarter, compared to analysts’ expectations of $364.36 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts predict that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Activity at ACI Worldwide

In related news, CEO Thomas W. Warsop III acquired 5,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer now directly owns 326,922 shares of the company’s stock, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary P. Harman sold 7,194 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director now owns 34,388 shares of the company’s stock, valued at $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in ACIW. Opal Wealth Advisors LLC bought a new stake in ACI Worldwide during the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in shares of ACI Worldwide in the 1st quarter valued at $25,000. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after acquiring an additional 298 shares during the last quarter. Covestor Ltd increased its holdings in ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock valued at $31,000 after purchasing an additional 419 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in ACI Worldwide in the first quarter valued at $39,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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.