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

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $61.00.

A number of research firms have issued reports on ACIW. Weiss Ratings upgraded shares of ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. Stephens assumed coverage on shares of ACI Worldwide in a research note on Friday, October 16th. They set an "equal weight" rating and a $56.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of ACI Worldwide in a research note on Friday. 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 report on Thursday, August 20th.

Hedge Funds Weigh In On ACI Worldwide

Several hedge funds have recently bought and sold shares of ACIW. Allworth Financial LP boosted its stake in shares of ACI Worldwide by 24.1% during the 3rd quarter. Allworth Financial LP now owns 1,443 shares of the technology company's stock worth $73,000 after acquiring an additional 280 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of ACI Worldwide by 51.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 22,438 shares of the technology company's stock valued at $1,097,000 after acquiring an additional 7,574 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of ACI Worldwide by 11.7% in the 3rd quarter. Ritholtz Wealth Management now owns 5,695 shares of the technology company's stock valued at $278,000 after acquiring an additional 596 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of ACI Worldwide by 1.0% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 50,252 shares of the technology company's stock valued at $2,456,000 after acquiring an additional 505 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of ACI Worldwide by 9.5% in the 3rd quarter. Lido Advisors LLC now owns 12,047 shares of the technology company's stock valued at $589,000 after acquiring an additional 1,045 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 2.4%

Shares of ACI Worldwide stock opened at $61.45 on Tuesday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 37.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide has a 52-week low of $38.05 and a 52-week high of $63.10. The stock has a 50-day simple moving average of $52.83 and a 200-day simple moving average of $47.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.37 by $0.17. ACI Worldwide had a return on equity of 17.62% and a net margin of 12.40%. The business had revenue of $426.81 million during the quarter, compared to analysts' expectations of $421.91 million. During the same quarter in the previous year, the business posted $1.09 EPS. The firm's quarterly revenue was down 11.5% compared to the same quarter last year. On average, equities research analysts expect that ACI Worldwide will post 2.81 earnings per share for the current fiscal year.

About ACI Worldwide

ACI Worldwide is a financial technology company that develops software for electronic payments. Its products help banks, credit unions, merchants, billers and government organizations process and manage payments across digital and traditional channels.

The company's offerings include real-time payment solutions, digital banking and bill-payment services, merchant payment processing, and tools for detecting and managing fraud. ACI's software supports payment activity from initiation through processing and settlement.

Founded in 1975 as Applied Communications Inc, ACI Worldwide serves customers in markets around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.