ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $60.00 Consensus Target Price from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $60.00.

Several research firms have recently commented on ACIW. DA Davidson upgraded 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. Jefferies Financial Group decreased their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW traded down $0.42 during midday trading on Tuesday, reaching $44.36. 400,856 shares of the company's stock traded hands, compared to its average volume of 729,817. ACI Worldwide has a 1 year low of $36.17 and a 1 year high of $59.71. The company has a market cap of $4.65 billion, a P/E ratio of 17.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The company has a fifty day simple moving average of $49.06 and a two-hundred day simple moving average of $51.70.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The company had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. Equities analysts predict that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director now owns 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were bought 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 approximately $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC boosted its position in ACI Worldwide by 35.0% during the first quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company's stock worth $53,186,000 after acquiring an additional 252,113 shares during the last quarter. Strs Ohio purchased a new stake in ACI Worldwide in the 1st quarter valued at about $1,526,000. Geneos Wealth Management Inc. increased its stake in shares of ACI Worldwide by 73.7% during 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 last quarter. Intech Investment Management LLC grew its holdings in ACI Worldwide by 32.3% in the first quarter. Intech Investment Management LLC now owns 72,763 shares of the technology company's stock valued at $3,981,000 after purchasing an additional 17,767 shares during the period. Finally, Bayforest Capital Ltd increased its position in ACI Worldwide by 67.7% during the first quarter. Bayforest Capital Ltd now owns 4,249 shares of the technology company's stock worth $232,000 after purchasing an additional 1,716 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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.