ACI Worldwide (NASDAQ:ACIW) Upgraded at StockNews.com

StockNews.com upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a buy rating in a research note released on Tuesday morning.

Separately, DA Davidson upgraded ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Stock Down 0.9%

Shares of NASDAQ:ACIW opened at $48.77 on Tuesday. The company has a fifty day moving average of $52.25 and a 200-day moving average of $53.13. The company has a market capitalization of $5.13 billion, a PE ratio of 23.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide has a 52-week low of $33.32 and a 52-week high of $59.71.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, equities analysts predict that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Activity at ACI Worldwide

In other news, CEO Thomas W. Warsop III purchased 5,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the completion of the transaction, the chief executive officer now owns 326,922 shares of the company’s stock, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now directly owns 80,842 shares in the company, valued at $4,654,073.94. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of ACI Worldwide

Institutional investors have recently bought and sold shares of the company. Hohimer Wealth Management LLC increased its holdings in shares of ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company’s stock worth $271,000 after buying an additional 197 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of ACI Worldwide by 5.0% in the first quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company’s stock worth $237,000 after buying an additional 207 shares during the period. HighTower Advisors LLC increased its holdings in shares of ACI Worldwide by 1.4% in the first quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company’s stock worth $861,000 after buying an additional 212 shares during the period. Ironwood Investment Management LLC increased its holdings in shares of ACI Worldwide by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company’s stock worth $1,565,000 after buying an additional 227 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock worth $403,000 after buying an additional 238 shares during the period. Institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.