ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.02 and last traded at $36.91, with a volume of 11600 shares changing hands. The stock had previously closed at $36.56.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a report on Wednesday, May 1st. Craig Hallum upped their price objective on ACI Worldwide from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Jefferies Financial Group initiated coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, DA Davidson upped their price target on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.00.
Get Our Latest Stock Report on ACI Worldwide
ACI Worldwide Stock Up 0.4 %
The company has a market cap of $3.90 billion, a price-to-earnings ratio of 27.28 and a beta of 1.20. The stock has a 50-day simple moving average of $33.03 and a 200-day simple moving average of $30.26. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. As a group, analysts predict that ACI Worldwide, Inc. will post 1.9 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its stake in ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company's stock valued at $32,000 after purchasing an additional 818 shares in the last quarter. Strs Ohio lifted its holdings in shares of ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company's stock valued at $38,000 after buying an additional 1,000 shares during the period. LRI Investments LLC bought a new position in ACI Worldwide during the first quarter valued at about $227,000. EntryPoint Capital LLC grew its holdings in ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company's stock worth $234,000 after acquiring an additional 478 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in ACI Worldwide by 23.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company's stock worth $299,000 after acquiring an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.
ACI Worldwide Company Profile
(
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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.
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