ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Recommendation of “Buy” by Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given a consensus recommendation of “Buy” by the four brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.00.

A number of equities analysts recently weighed in on ACIW shares. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a report on Friday, March 15th. Jefferies Financial Group started 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 restated a “buy” rating and issued a $39.00 price objective on shares of ACI Worldwide in a report on Thursday, March 14th.

ACI Worldwide Stock Performance

Shares of ACIW opened at $31.51 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average price is $31.80 and its 200-day moving average price is $28.43. ACI Worldwide has a 52 week low of $19.56 and a 52 week high of $33.83. The stock has a market cap of $3.35 billion, a P/E ratio of 28.39 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The firm had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $476.43 million. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that ACI Worldwide will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its stake in ACI Worldwide by 1.1% during the 4th quarter. Stifel Financial Corp now owns 34,440 shares of the technology company’s stock valued at $1,054,000 after buying an additional 384 shares during the last quarter. Mariner LLC raised its stake in ACI Worldwide by 3.7% during the 1st quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock valued at $346,000 after buying an additional 392 shares during the last quarter. NBC Securities Inc. raised its stake in ACI Worldwide by 1.8% during the 4th quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock valued at $731,000 after buying an additional 412 shares during the last quarter. Credit Suisse AG increased its stake in shares of ACI Worldwide by 0.3% in the 2nd quarter. Credit Suisse AG now owns 154,775 shares of the technology company’s stock worth $4,007,000 after purchasing an additional 434 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of ACI Worldwide by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after purchasing an additional 444 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

About ACI Worldwide

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.