ACI Worldwide (NASDAQ:ACIW) Sets New 1-Year High at $33.62

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.62 and last traded at $33.34, with a volume of 91546 shares changing hands. The stock had previously closed at $33.00.

Analyst Ratings Changes

A number of analysts have recently commented on ACIW shares. DA Davidson reissued a "buy" rating and issued a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet raised shares of ACI Worldwide from a "c" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a report on Friday, March 8th. They set a "buy" rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

ACI Worldwide Price Performance

The stock has a 50-day moving average of $31.45 and a two-hundred day moving average of $28.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 30.48 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

Hedge Funds Weigh In On ACI Worldwide

A number of hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its stake in shares of ACI Worldwide by 2.9% during the 1st quarter. NBC Securities Inc. now owns 24,601 shares of the technology company's stock worth $816,000 after purchasing an additional 689 shares during the last quarter. Vanguard Group Inc. raised its holdings in ACI Worldwide by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company's stock valued at $404,067,000 after buying an additional 1,228,384 shares in the last quarter. Legal & General Group Plc raised its holdings in ACI Worldwide by 75.7% during the fourth quarter. Legal & General Group Plc now owns 326,959 shares of the technology company's stock valued at $10,005,000 after buying an additional 140,844 shares in the last quarter. Barclays PLC lifted its position in shares of ACI Worldwide by 6.6% in the fourth quarter. Barclays PLC now owns 198,400 shares of the technology company's stock worth $6,071,000 after buying an additional 12,348 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of ACI Worldwide by 32.7% during the 4th quarter. Nuveen Asset Management LLC now owns 602,456 shares of the technology company's stock worth $18,435,000 after acquiring an additional 148,612 shares in the last quarter. Institutional investors and hedge funds 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.