Investment analysts at Compass Point assumed coverage on shares of ACI Worldwide (NASDAQ:ACIW) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a "buy" rating on the technology company's stock.
A number of other research firms have also weighed in on ACIW. Canaccord Genuity boosted their price objective on shares of ACI Worldwide from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, August 7th. BidaskClub raised shares of ACI Worldwide from a "strong sell" rating to a "sell" rating in a research note on Wednesday. TheStreet upgraded ACI Worldwide from a "c+" rating to a "b-" rating in a report on Tuesday, August 11th. Needham & Company LLC cut their target price on ACI Worldwide from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, September 10th. Finally, BTIG Research lowered their price target on ACI Worldwide from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. ACI Worldwide has an average rating of "Buy" and a consensus price target of $36.80.
NASDAQ ACIW traded down $0.25 during trading hours on Wednesday, reaching $26.54. The company's stock had a trading volume of 941,579 shares, compared to its average volume of 807,371. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.47 and a current ratio of 1.47. The company's 50-day moving average is $28.87 and its two-hundred day moving average is $26.87. ACI Worldwide has a fifty-two week low of $20.03 and a fifty-two week high of $39.37. The stock has a market cap of $3.09 billion, a PE ratio of 40.83 and a beta of 1.31.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, August 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.17. The company had revenue of $299.91 million during the quarter, compared to analysts' expectations of $297.37 million. ACI Worldwide had a net margin of 5.72% and a return on equity of 8.79%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share.
In related news, EVP Dennis Byrnes sold 35,133 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.05, for a total transaction of $1,055,746.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.37% of the company's stock.
Large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in shares of ACI Worldwide by 2.0% during the second quarter. Principal Financial Group Inc. now owns 368,349 shares of the technology company's stock worth $9,942,000 after purchasing an additional 7,093 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in ACI Worldwide during the 2nd quarter valued at $489,000. Handelsbanken Fonder AB purchased a new stake in ACI Worldwide during the 2nd quarter worth $575,000. Nuveen Asset Management LLC lifted its holdings in ACI Worldwide by 50.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 750,968 shares of the technology company's stock worth $20,268,000 after buying an additional 251,205 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in ACI Worldwide by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 971,602 shares of the technology company's stock valued at $26,224,000 after buying an additional 5,046 shares during the last quarter. 99.88% of the stock is owned by institutional investors.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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