Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $60.00

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given an average recommendation of “Hold” by the four ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $60.00.

Several equities research analysts recently issued reports on ACIW shares. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research lowered ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Juan Benitez II acquired 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $41.90 per share, with a total value of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This represents a 16.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of ACI Worldwide

A number of hedge funds have recently bought and sold shares of the company. Essential Partners LLC lifted its holdings in shares of ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after acquiring an additional 327 shares during the last quarter. Western Wealth Management LLC purchased a new stake in ACI Worldwide during the first quarter valued at about $91,000. Janus Henderson Group PLC boosted its position in ACI Worldwide by 72.3% during the first quarter. Janus Henderson Group PLC now owns 328,864 shares of the technology company’s stock valued at $13,487,000 after buying an additional 138,001 shares during the period. Amundi grew its stake in shares of ACI Worldwide by 79.7% during the first quarter. Amundi now owns 58,680 shares of the technology company’s stock valued at $2,406,000 after buying an additional 26,026 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of ACI Worldwide by 47.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company’s stock valued at $57,000 after buying an additional 444 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $43.67 on Monday. The business’s 50-day moving average price is $42.20 and its 200-day moving average price is $43.60. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $54.28. The stock has a market cap of $4.44 billion, a PE ratio of 21.94 and a beta of 1.00. 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 announced 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 return on equity of 16.76% and a net margin of 11.51%.The firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that ACI Worldwide will post 2.53 EPS for the current fiscal 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.