ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.00.

ACIW has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $66.00 target price on shares of ACI Worldwide in a report on Wednesday, September 2nd. Zacks Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd.

ACI Worldwide Trading Up 2.4%

NASDAQ:ACIW opened at $61.45 on Tuesday. The company’s 50 day moving average is $52.83 and its 200-day moving average is $47.71. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide has a 12 month low of $38.05 and a 12 month high of $63.10. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 37.93 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.17. The business had revenue of $426.81 million during the quarter, compared to the consensus estimate of $421.91 million. ACI Worldwide had a net margin of 12.40% and a return on equity of 17.62%. ACI Worldwide’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Equities analysts anticipate that ACI Worldwide will post 2.81 EPS for the current year.

Institutional Trading of ACI Worldwide

Hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC lifted its holdings in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after buying an additional 327 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of ACI Worldwide in the third quarter worth $42,000. IFP Advisors Inc grew its stake in shares of ACI Worldwide by 138.5% in the second quarter. IFP Advisors Inc now owns 1,121 shares of the technology company’s stock worth $56,000 after acquiring an additional 651 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of ACI Worldwide in the second quarter worth $58,000. Finally, EverSource Wealth Advisors LLC increased its position in ACI Worldwide by 47.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company’s stock worth $57,000 after acquiring an additional 444 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide is a financial technology company that develops software for electronic payments. Its products help banks, credit unions, merchants, billers and government organizations process and manage payments across digital and traditional channels.

The company’s offerings include real-time payment solutions, digital banking and bill-payment services, merchant payment processing, and tools for detecting and managing fraud. ACI’s software supports payment activity from initiation through processing and settlement.

Founded in 1975 as Applied Communications Inc, ACI Worldwide serves customers in markets around the world.