ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $60.00 Consensus Price Target from Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned a consensus rating of “Hold” from the three ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $64.00.

Several brokerages recently issued reports on ACIW. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. DA Davidson raised their price objective on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th.

Hedge Funds Weigh In On ACI Worldwide

A number of institutional investors have recently added to or reduced their stakes in the company. Reinhart Partners LLC. boosted its holdings in shares of ACI Worldwide by 8.5% during the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock valued at $121,916,000 after buying an additional 189,433 shares in the last quarter. GAMMA Investing LLC boosted its stake in ACI Worldwide by 23.5% during the second quarter. GAMMA Investing LLC now owns 6,536 shares of the technology company’s stock worth $329,000 after acquiring an additional 1,245 shares in the last quarter. Versant Capital Management Inc boosted its stake in ACI Worldwide by 109.7% during the second quarter. Versant Capital Management Inc now owns 1,938 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,014 shares in the last quarter. Pacer Advisors Inc. grew its holdings in ACI Worldwide by 8.2% in the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock worth $124,000 after purchasing an additional 230 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in ACI Worldwide by 2,433.1% in the first quarter. NewEdge Advisors LLC now owns 8,967 shares of the technology company’s stock worth $368,000 after purchasing an additional 8,613 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $58.07 on Tuesday. The stock has a fifty day moving average of $47.01 and a 200 day moving average of $44.06. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $60.17. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 29.18 and a beta of 0.98. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts expect that ACI Worldwide will post 2.69 earnings per share 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.