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

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation 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 lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 18th.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director owned 64,378 shares of the company’s stock, valued at $2,638,210.44. This represents a 4.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juan Benitez II purchased 2,400 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares in the company, valued at $707,313.90. The trade was a 16.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ACI Worldwide

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised 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 purchasing an additional 214 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after buying an additional 249 shares during the last quarter. Allworth Financial LP increased its holdings in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of ACI Worldwide by 6.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after buying an additional 260 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after buying an additional 268 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $42.07 on Wednesday. The company has a market cap of $4.28 billion, a PE ratio of 19.39 and a beta of 1.07. ACI Worldwide has a 12 month low of $38.05 and a 12 month high of $57.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50-day simple moving average of $42.76 and a 200-day simple moving average of $46.87.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The firm had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. During the same period in the previous year, the company posted $1.08 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that ACI Worldwide will post 2 earnings per share for the current year.

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.