ACI Worldwide (NASDAQ:ACIW) Upgraded at Zacks Research

ACI Worldwide (NASDAQ:ACIW) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on ACIW. DA Davidson set a $66.00 price target on shares of ACI Worldwide and gave the stock a “buy” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $51.86 on Thursday. The company has a fifty day moving average price of $53.18 and a 200-day moving average price of $45.80. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 23.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide has a 1 year low of $38.05 and a 1 year high of $61.08.

Institutional Trading of ACI Worldwide

Several hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its position 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 valued at $28,000 after buying an additional 257 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares during the period. Essential Partners LLC increased its holdings in 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. State of Wyoming purchased a new stake in ACI Worldwide in the 2nd quarter worth about $37,000. Finally, Geneos Wealth Management Inc. raised its stake in ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after acquiring an additional 370 shares during the period. 94.73% of the stock is currently owned by institutional investors.

ACI Worldwide Company Profile

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.