Jefferies Financial Group Cuts ACI Worldwide (NASDAQ:ACIW) Price Target to $60.00

ACI Worldwide (NASDAQ:ACIW - Get Free Report) had its price objective dropped by stock analysts at Jefferies Financial Group from $68.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Jefferies Financial Group's price objective would suggest a potential upside of 29.69% from the company's previous close.

ACIW has been the topic of several other reports. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, May 12th. Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Stock Up 0.0%

Shares of ACIW stock traded up $0.00 during midday trading on Tuesday, reaching $46.26. 10,747 shares of the stock were exchanged, compared to its average volume of 735,290. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.85 billion, a PE ratio of 21.86 and a beta of 1.14. The company's 50 day moving average is $51.25 and its two-hundred day moving average is $52.79. ACI Worldwide has a 1 year low of $33.32 and a 1 year high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The company had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same quarter last year, the company earned $0.10 EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities research analysts predict that ACI Worldwide will post 2 EPS for the current year.

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of ACI Worldwide stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the acquisition, the chief executive officer now owns 326,922 shares of the company's stock, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Institutional Trading of ACI Worldwide

Large investors have recently bought and sold shares of the stock. Hohimer Wealth Management LLC increased its holdings in ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company's stock valued at $271,000 after buying an additional 197 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of ACI Worldwide by 5.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company's stock worth $237,000 after acquiring an additional 207 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of ACI Worldwide by 1.4% during the 1st quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company's stock worth $861,000 after acquiring an additional 212 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in ACI Worldwide by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company's stock valued at $1,565,000 after buying an additional 227 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in ACI Worldwide by 3.2% in the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Company Profile

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.