ACI Worldwide (NASDAQ:ACIW) Coverage Initiated by Analysts at Stephens

Key Points

• Stephens initiated coverage of ACI Worldwide with an “equal weight” rating and a $56 price target, implying 6.29% upside from the stock’s current price.
• Analyst sentiment is mixed but remains moderately positive: ACI Worldwide has an average “Moderate Buy” rating and a consensus price target of $61, with ratings ranging from Strong Buy to Hold.
• ACI shares rose 3.2% to $52.69 in Friday trading, while institutional investors own a substantial 94.73% of the company’s outstanding stock.

Research analysts at Stephens assumed coverage on shares of ACI Worldwide (NASDAQ:ACIW - Get Free Report) in a research note issued on Friday. The firm set an "equal weight" rating and a $56.00 price target on the technology company's stock. Stephens' price target indicates a potential upside of 6.29% from the stock's current price.

Several other analysts also recently commented on the stock. Weiss Ratings downgraded shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. DA Davidson reissued a "buy" rating and issued a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Wall Street Zen downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ACI Worldwide presently has an average rating of "Moderate Buy" and an average target price of $61.00.

ACI Worldwide Trading Up 3.2%

Shares of NASDAQ:ACIW traded up $1.62 during midday trading on Friday, hitting $52.69. The company had a trading volume of 22,122 shares, compared to its average volume of 864,087. The firm has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $48.75. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 24.18 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide has a 12 month low of $38.05 and a 12 month high of $61.08.

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Essential Partners LLC grew its stake in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company's stock worth $30,000 after buying an additional 327 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ACI Worldwide by 138.5% during the second quarter. IFP Advisors Inc now owns 1,121 shares of the technology company's stock worth $56,000 after purchasing an additional 651 shares during the period. EverSource Wealth Advisors LLC increased its holdings in ACI Worldwide by 47.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company's stock valued at $57,000 after purchasing an additional 444 shares during the period. Allworth Financial LP acquired a new position in ACI Worldwide during the 2nd quarter worth about $58,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ACI Worldwide in the 2nd quarter valued at about $70,000. Institutional investors own 94.73% of the company's stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI's software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.

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