ACI Worldwide (NASDAQ:ACIW) Price Target Raised to $40.00 at Craig Hallum

ACI Worldwide (NASDAQ:ACIW) had its target price increased by Craig Hallum from $38.00 to $40.00 in a report released on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

ACIW has been the topic of several other research reports. Canaccord Genuity Group reaffirmed a buy rating and set a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. TheStreet raised ACI Worldwide from a c rating to a b- rating in a research report on Thursday, January 4th. DA Davidson reiterated a buy rating and set a $39.00 price target on shares of ACI Worldwide in a report on Thursday, March 14th. Needham & Company LLC reiterated a hold rating on shares of ACI Worldwide in a report on Wednesday. Finally, Jefferies Financial Group initiated coverage on ACI Worldwide in a report on Friday, March 8th. They set a buy rating and a $38.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $40.00.

ACI Worldwide Trading Up 0.7 %

Shares of ACI Worldwide stock opened at $34.35 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.37. ACI Worldwide has a 52 week low of $19.56 and a 52 week high of $36.37. The stock has a 50 day moving average price of $32.15 and a two-hundred day moving average price of $29.21. The stock has a market capitalization of $3.65 billion, a PE ratio of 25.63 and a beta of 1.20.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $476.43 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. ACI Worldwide’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. As a group, equities analysts anticipate that ACI Worldwide will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of ACI Worldwide

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of ACI Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock valued at $270,188,000 after buying an additional 389,424 shares during the period. State of Alaska Department of Revenue raised 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 valued at $2,046,000 after buying an additional 53,882 shares during the period. Reinhart Partners LLC. grew its position in shares of ACI Worldwide by 9.9% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of ACI Worldwide by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock valued at $58,485,000 after purchasing an additional 24,272 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of ACI Worldwide by 28.5% in the third quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock valued at $481,000 after purchasing an additional 4,737 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

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.