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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.00.

Several equities research analysts have recently weighed in on ACIW shares. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Monday, May 12th. Jefferies Financial Group cut their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.

ACI Worldwide Trading Down 1.4%

Shares of NASDAQ:ACIW traded down $0.64 during midday trading on Friday, hitting $43.80. 390,469 shares of the stock traded hands, compared to its average volume of 728,433. The stock has a market capitalization of $4.59 billion, a PE ratio of 17.24 and a beta of 1.06. The business's 50 day moving average is $46.92 and its two-hundred day moving average is $50.71. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide has a one year low of $40.33 and a one year high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, research analysts forecast that ACI Worldwide will post 2 earnings per share for the current year.

Insider Activity

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer directly owned 326,922 shares of the company's stock, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of ACI Worldwide by 11.9% in the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock valued at $13,136,000 after buying an additional 26,888 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ACI Worldwide by 4,756.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company's stock valued at $1,018,000 after acquiring an additional 18,218 shares in the last quarter. Principal Financial Group Inc. boosted its position in ACI Worldwide by 2.3% in the first quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company's stock worth $30,530,000 after purchasing an additional 12,534 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ACI Worldwide by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock valued at $179,000 after buying an additional 642 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in ACI Worldwide by 267.7% in the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after acquiring an additional 410,142 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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.