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

ACI Worldwide, Inc. (NASDAQ:ACIW) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $60.00.

Several research firms recently issued reports on ACIW. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ACI Worldwide in a report on Tuesday, November 25th.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $46.84 on Monday. ACI Worldwide has a 1 year low of $40.45 and a 1 year high of $58.14. The firm’s 50-day moving average is $49.50 and its 200 day moving average is $47.60. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 19.76 and a beta of 1.09. 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 earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business had revenue of $482.36 million during the quarter, compared to analysts’ expectations of $465.09 million. During the same period in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. ACI Worldwide has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds have recently added to or reduced their stakes in ACIW. CIBC Bancorp USA Inc. purchased a new position in shares of ACI Worldwide in the 3rd quarter worth $594,000. Advisory Services Network LLC purchased a new stake in ACI Worldwide during the third quarter valued at $59,000. Dark Forest Capital Management LP lifted its holdings in ACI Worldwide by 156.2% in the third quarter. Dark Forest Capital Management LP now owns 12,938 shares of the technology company’s stock valued at $683,000 after acquiring an additional 7,888 shares during the period. Verition Fund Management LLC boosted its position in ACI Worldwide by 9.5% in the third quarter. Verition Fund Management LLC now owns 27,161 shares of the technology company’s stock worth $1,433,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in ACI Worldwide in the third quarter worth about $650,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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.