ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the four research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $60.00.

ACIW has been the topic of several analyst reports. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, May 12th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday.

Insider Transactions at ACI Worldwide

In related news, 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 owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in ACI Worldwide by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after acquiring an additional 189,980 shares during the last quarter. Hood River Capital Management LLC increased its position in ACI Worldwide by 3.1% during the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock valued at $175,171,000 after acquiring an additional 100,311 shares during the last quarter. Geode Capital Management LLC increased its position in ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after acquiring an additional 459,821 shares during the last quarter. North Reef Capital Management LP increased its position in ACI Worldwide by 18.3% during the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock valued at $111,139,000 after acquiring an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. increased its position in ACI Worldwide by 0.7% during the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company's stock valued at $110,930,000 after acquiring an additional 14,278 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $46.47 on Friday. The firm's 50-day moving average price is $51.79 and its 200-day moving average price is $53.05. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.87 billion, a PE ratio of 22.02 and a beta of 1.14. ACI Worldwide has a 52-week low of $33.32 and a 52-week high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The company had revenue of $394.57 million for 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 firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, analysts anticipate that ACI Worldwide will post 2 EPS for the current year.

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.

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