ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year High at $36.37

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.37 and last traded at $35.49, with a volume of 194244 shares. The stock had previously closed at $33.10.

Analysts Set New Price Targets

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

ACI Worldwide Stock Performance

The stock's fifty day moving average price is $32.08 and its two-hundred day moving average price is $29.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $3.62 billion, a P/E ratio of 30.72 and a beta of 1.24.

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

Institutional Trading of ACI Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in ACIW. Vanguard Group Inc. increased its position in ACI Worldwide by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company's stock worth $404,067,000 after purchasing an additional 1,228,384 shares in the last quarter. Norges Bank acquired a new position in ACI Worldwide during the 4th quarter worth approximately $37,509,000. Public Employees Retirement Association of Colorado increased its position in ACI Worldwide by 9,610.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company's stock worth $27,757,000 after purchasing an additional 897,757 shares in the last quarter. Assenagon Asset Management S.A. increased its position in ACI Worldwide by 1,265.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 758,064 shares of the technology company's stock worth $17,102,000 after purchasing an additional 702,546 shares in the last quarter. Finally, North Reef Capital Management LP increased its position in ACI Worldwide by 26.3% during the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company's stock worth $64,183,000 after purchasing an additional 592,735 shares in the last quarter. 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.