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

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $60.00.

ACIW has been the subject of several recent analyst reports. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, May 12th. Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group decreased their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th.

Insiders Place Their Bets

In related news, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the transaction, the director directly owned 77,631 shares of the company's stock, valued at $3,467,000.46. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated 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 directly owned 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 disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On ACI Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of ACI Worldwide by 66.3% in the fourth quarter. US Bancorp DE now owns 6,107 shares of the technology company's stock worth $317,000 after acquiring an additional 2,434 shares during the period. Raymond James Financial Inc. acquired a new stake in ACI Worldwide during the 4th quarter worth about $5,292,000. Amundi grew its position in ACI Worldwide by 95.6% during the 4th quarter. Amundi now owns 63,221 shares of the technology company's stock worth $3,295,000 after purchasing an additional 30,901 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ACI Worldwide by 13.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,552 shares of the technology company's stock valued at $1,430,000 after buying an additional 3,236 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of ACI Worldwide by 10.7% in the 4th quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company's stock valued at $806,000 after buying an additional 1,507 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Down 2.7%

ACI Worldwide stock opened at $43.90 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The firm has a market cap of $4.61 billion, a P/E ratio of 17.28 and a beta of 1.06. The business has a fifty day moving average of $46.92 and a two-hundred day moving average of $50.74. ACI Worldwide has a twelve month low of $39.93 and a twelve month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The firm had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same period in the previous year, the company posted $0.10 EPS. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, analysts forecast that ACI Worldwide will post 2 earnings per share for the current fiscal year.

ACI Worldwide Company Profile

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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