DA Davidson Reaffirms “Buy” Rating for ACI Worldwide (NASDAQ:ACIW)

ACI Worldwide (NASDAQ:ACIW)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $60.00 target price on the technology company’s stock. DA Davidson’s target price would indicate a potential upside of 23.08% from the company’s current price.

ACIW has been the topic of several other research reports. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a report on Wednesday, October 8th. Finally, Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ACI Worldwide currently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Trading Up 1.2%

Shares of ACIW opened at $48.75 on Thursday. The stock’s 50-day moving average is $50.07 and its two-hundred day moving average is $48.46. The stock has a market cap of $5.03 billion, a PE ratio of 20.57 and a beta of 1.05. ACI Worldwide has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $401.26 million for the quarter, compared to analysts’ expectations of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. ACI Worldwide has set its Q3 2025 guidance at EPS. Equities analysts forecast that ACI Worldwide will post 2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 24.5% in the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock valued at $179,000 after purchasing an additional 642 shares in the last quarter. Janney Montgomery Scott LLC increased its position in ACI Worldwide by 36.2% during the first quarter. Janney Montgomery Scott LLC now owns 24,806 shares of the technology company’s stock worth $1,357,000 after buying an additional 6,588 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in ACI Worldwide during the first quarter worth $893,000. State of Alaska Department of Revenue grew its position in shares of ACI Worldwide by 27.7% in the first quarter. State of Alaska Department of Revenue now owns 76,118 shares of the technology company’s stock valued at $4,163,000 after purchasing an additional 16,507 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of ACI Worldwide in the first quarter valued at about $1,452,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.