ACI Worldwide (NASDAQ:ACIW) Stock Rating Lowered by Wall Street Zen

Key Points

• ACI Worldwide has been downgraded from a "strong-buy" to a "hold" rating by Wall Street Zen, reflecting changing analyst sentiment about the company's stock.
• Despite the downgrade, analysts have also made some positive adjustments, with Stephens upgrading their rating to "overweight" and setting a target price of $60.00.
• ACI Worldwide reported a net margin of 14.76% and achieved a revenue of $401.26 million in its latest quarter, surpassing analysts' expectations.

Wall Street Zen downgraded shares of ACI Worldwide (NASDAQ:ACIW - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other brokerages also recently issued reports on ACIW. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research report on Monday, May 12th. Jefferies Financial Group lowered their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Finally, Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective on the stock in a research report on Thursday, July 17th.

ACI Worldwide Stock Up 4.3%

Shares of NASDAQ ACIW traded up $1.90 during mid-day trading on Friday, reaching $46.29. The company had a trading volume of 789,809 shares, compared to its average volume of 746,218. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $45.06 and a two-hundred day simple moving average of $49.44. The stock has a market cap of $4.78 billion, a P/E ratio of 19.53 and a beta of 1.07. ACI Worldwide has a 52-week low of $40.45 and a 52-week high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The firm had revenue of $401.26 million for the quarter, compared to the consensus estimate of $380.45 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. Sell-side analysts predict that ACI Worldwide will post 2 earnings per share for the current year.

Insider Activity

In other news, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director owned 34,388 shares of the company's stock, valued at $1,632,742.24. The trade was a 17.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the sale, the director directly owned 77,631 shares in the company, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Institutional Trading of ACI Worldwide

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

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.