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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $60.00.

Several equities analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a research report on Monday.

Insider Buying and Selling

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in ACIW. Franklin Resources Inc. lifted its stake in shares of ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after buying an additional 4,280,684 shares during the last quarter. Alliancebernstein L.P. boosted its stake in ACI Worldwide by 4.8% in the third quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock valued at $123,277,000 after acquiring an additional 107,993 shares during the last quarter. London Co. of Virginia increased its position in shares of ACI Worldwide by 91.0% in the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock valued at $91,448,000 after buying an additional 825,671 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of ACI Worldwide by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock valued at $77,004,000 after buying an additional 105,975 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of ACI Worldwide by 32.8% in the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock valued at $76,308,000 after purchasing an additional 410,423 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Up 3.5%

Shares of ACIW stock opened at $50.40 on Friday. The stock has a market cap of $5.20 billion, a P/E ratio of 20.32 and a beta of 1.09. ACI Worldwide has a twelve month low of $40.45 and a twelve month high of $58.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $47.75 and a 200 day moving average of $47.66.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.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 business earned $0.77 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that ACI Worldwide will post 2 EPS for the current year.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.