ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Rating of “Moderate Buy” by Analysts

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

Separately, Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $39.56 on Friday. ACI Worldwide has a 12 month low of $38.53 and a 12 month high of $58.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.08 billion, a PE ratio of 15.95 and a beta of 1.05. The business has a fifty day simple moving average of $45.17 and a 200-day simple moving average of $47.33.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the period. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the period. Bessemer Group Inc. boosted its stake in ACI Worldwide by 51.9% during the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after buying an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after buying an additional 323 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in ACI Worldwide in the 3rd quarter valued at $39,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

About ACI Worldwide

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.