ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Has Consensus Target Price of $61.00 According to Analysts

Key Points

• ACI Worldwide has a “Moderate Buy” consensus rating from four analysts, with two holds, one buy and one strong buy. The average 12-month price target is $61.00, versus a reported share price of $52.32.
• Recent analyst views have been mixed: DA Davidson maintained a buy rating with a $66 target, while Stephens initiated coverage at equal weight with a $56 target; other firms downgraded the stock to hold, and Zacks Research raised it to strong buy.
• Institutional investors own 94.73% of ACI Worldwide and have generally increased their positions, including major holdings or purchases by BlackRock, Dimensional Fund Advisors and Reinhart Partners.

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) has received an average rating of "Moderate Buy" from the four research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $61.00.

A number of equities analysts have issued reports on the company. DA Davidson reaffirmed a "buy" rating and issued a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Weiss Ratings lowered shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Wall Street Zen cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research raised ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Finally, Stephens initiated coverage on shares of ACI Worldwide in a research note on Friday. They set an "equal weight" rating and a $56.00 target price for the company.

ACI Worldwide Stock Down 0.4%

Shares of ACIW stock traded down $0.23 during trading hours on Friday, reaching $52.32. The company had a trading volume of 26,532 shares, compared to its average volume of 859,848. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $61.08. The company has a market capitalization of $5.28 billion, a P/E ratio of 24.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The stock's fifty day simple moving average is $51.58 and its 200 day simple moving average is $48.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in ACI Worldwide during the 2nd quarter worth about $823,821,000. Dimensional Fund Advisors LP increased its holdings in shares of ACI Worldwide by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company's stock worth $115,364,000 after acquiring an additional 344,358 shares in the last quarter. Reinhart Partners LLC. lifted its stake in ACI Worldwide by 8.5% in the second quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company's stock valued at $121,916,000 after buying an additional 189,433 shares in the last quarter. North Reef Capital Management LP boosted its stake in ACI Worldwide by 13.2% in the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company's stock worth $91,452,000 after purchasing an additional 260,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of ACI Worldwide by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,769,112 shares of the technology company's stock worth $72,551,000 after buying an additional 86,964 shares in the last quarter. 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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