ACI Worldwide (NASDAQ:ACIW) Price Target Raised to $42.00

ACI Worldwide (NASDAQ:ACIW - Get Free Report) had its target price upped by investment analysts at DA Davidson from $36.00 to $42.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. DA Davidson's target price would suggest a potential upside of 22.27% from the stock's current price.

Other research analysts have also issued reports about the company. Needham & Company LLC reaffirmed a "hold" rating on shares of ACI Worldwide in a research report on Wednesday. Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a "buy" rating and a $38.00 price objective on the stock. TheStreet upgraded shares of ACI Worldwide from a "c" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, Craig Hallum increased their price target on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

ACI Worldwide Stock Up 0.7 %

Shares of NASDAQ ACIW traded up $0.25 during mid-day trading on Wednesday, reaching $34.35. The company had a trading volume of 1,210,527 shares, compared to its average volume of 591,906. 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 capitalization of $3.65 billion, a price-to-earnings ratio of 31.10 and a beta of 1.24. The stock has a fifty day moving average of $32.15 and a two-hundred day moving average of $29.21. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $36.37.

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 (EPS) 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 earned $0.95 EPS. The company's revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts expect that ACI Worldwide will post 1.83 EPS for the current year.

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in ACI Worldwide by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company's stock valued at $270,188,000 after purchasing an additional 389,424 shares during the period. State of Alaska Department of Revenue grew its stake in shares of ACI Worldwide by 414.3% in the fourth quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company's stock worth $2,046,000 after acquiring an additional 53,882 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company's stock valued at $69,331,000 after purchasing an additional 203,348 shares during the period. Massachusetts Financial Services Co. MA grew its position in ACI Worldwide by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company's stock worth $58,485,000 after purchasing an additional 24,272 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of ACI Worldwide by 28.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company's stock worth $481,000 after purchasing an additional 4,737 shares during the period. 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.