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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $60.00.

Several research firms have weighed in on ACIW. Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th.

Insider Activity at ACI Worldwide

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

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 226.8% during 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 in the last quarter. Allworth Financial LP raised its stake in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in ACI Worldwide by 106.3% during the 2nd 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 during the last quarter. Bessemer Group Inc. boosted its position in shares of ACI Worldwide by 51.9% during the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of ACI Worldwide by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $41.33 on Friday. ACI Worldwide has a one year low of $38.05 and a one year high of $55.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 19.05 and a beta of 1.03. The firm’s fifty day moving average is $41.02 and its two-hundred day moving average is $45.72.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The firm had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.ACI Worldwide’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. Research analysts expect that ACI Worldwide will post 2 EPS 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.