ACI Worldwide (NASDAQ:ACIW) Upgraded to "Overweight" at Stephens

Stephens upgraded shares of ACI Worldwide (NASDAQ:ACIW - Free Report) from an equal weight rating to an overweight rating in a research note published on Thursday morning, MarketBeat.com reports. The firm currently has $60.00 price objective on the technology company's stock.

Several other research analysts have also commented on ACIW. DA Davidson upgraded shares of 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. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $60.00.

ACI Worldwide Trading Down 0.8%

Shares of ACIW stock traded down $0.36 during trading hours on Thursday, hitting $45.34. 480,714 shares of the company were exchanged, compared to its average volume of 725,312. ACI Worldwide has a 1 year low of $40.94 and a 1 year high of $59.71. The firm has a fifty day moving average of $46.24 and a 200 day moving average of $50.52. 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 $4.76 billion, a PE ratio of 17.85 and a beta of 1.06.

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

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the sale, the director owned 34,388 shares of the company's stock, valued at $1,632,742.24. This trade represents 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 available through the SEC website. Also, Director Janet O. Estep sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director directly owned 77,631 shares of the company's stock, valued at $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 corporate insiders.

Institutional Trading of ACI Worldwide

Hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $25,000. Covestor Ltd grew its position in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $39,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 94.74% of the company's stock.

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.