ACI Worldwide (NASDAQ:ACIW) Given Buy Rating at DA Davidson

Key Points

• ACI Worldwide received a "buy" rating from DA Davidson, with a price target of $60.00, signaling a potential upside of 20.36% from its previous close.
• The company reported a quarterly earnings per share of $0.35, surpassing analyst expectations by $0.08, with revenue of $401.26 million, which is significantly higher than anticipated.
• Over 94% of ACI Worldwide's stock is owned by institutional investors, indicating strong investment interest in the technology firm.

ACI Worldwide (NASDAQ:ACIW - Get Free Report)'s stock had its "buy" rating reissued by research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $60.00 price target on the technology company's stock. DA Davidson's price target would indicate a potential upside of 20.36% from the company's previous close.

ACIW has been the topic of several other reports. Weiss Ratings restated a "hold (c+)" rating on shares of ACI Worldwide in a report on Wednesday, October 8th. Zacks Research cut shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price on the stock in a report on Thursday, July 17th. Finally, Wall Street Zen cut shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ACI Worldwide has an average rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide Trading Down 1.3%

Shares of ACIW traded down $0.67 during trading hours on Thursday, hitting $49.85. 106,866 shares of the stock traded hands, compared to its average volume of 766,465. The business has a fifty day moving average of $49.90 and a 200-day moving average of $48.56. 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 market capitalization of $5.14 billion, a PE ratio of 21.08 and a beta of 1.05. ACI Worldwide has a 1-year low of $40.45 and a 1-year high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $401.26 million during the quarter, compared to analysts' expectations of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. ACI Worldwide has set its Q3 2025 guidance at EPS. Analysts expect that ACI Worldwide will post 2 EPS for the current year.

Hedge Funds Weigh In On ACI Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of ACI Worldwide in the second quarter valued at about $47,641,000. Ameriprise Financial Inc. grew its stake in shares of ACI Worldwide by 132.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company's stock worth $85,986,000 after acquiring an additional 896,564 shares in the last quarter. Nuveen LLC acquired a new stake in shares of ACI Worldwide in the first quarter valued at approximately $25,267,000. American Century Companies Inc. boosted its holdings in ACI Worldwide by 32.8% during the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company's stock worth $76,308,000 after purchasing an additional 410,423 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in ACI Worldwide by 305.1% during the second quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company's stock worth $19,915,000 after purchasing an additional 326,699 shares during the last quarter. 94.74% of the stock is 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.

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