ACI Worldwide’s (ACIW) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of ACI Worldwide (NASDAQ:ACIW) in a report released on Wednesday morning, Benzinga reports.

Other analysts have also issued reports about the company. Jefferies Financial Group initiated coverage on ACI Worldwide in a research note on Friday, March 8th. They set a buy rating and a $38.00 price target on the stock. DA Davidson reissued a buy rating and set a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. TheStreet raised ACI Worldwide from a c rating to a b- rating in a research note on Thursday, January 4th. Finally, Canaccord Genuity Group reissued a buy rating and set a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, ACI Worldwide currently has a consensus rating of Moderate Buy and a consensus target price of $40.00.

ACI Worldwide Stock Up 0.7 %

ACIW stock opened at $34.35 on Wednesday. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 25.63 and a beta of 1.20. ACI Worldwide has a fifty-two week low of $19.56 and a fifty-two week high of $36.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.36. The business’s fifty day moving average price is $32.15 and its two-hundred day moving average price is $29.21.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.95 EPS. On average, equities analysts anticipate that ACI Worldwide will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACIW. Covestor Ltd boosted its position in shares of ACI Worldwide by 136.6% during the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after buying an additional 818 shares during the last quarter. Strs Ohio boosted its position in shares of ACI Worldwide by 142.9% during 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 last quarter. SkyView Investment Advisors LLC boosted its position in shares of ACI Worldwide by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after buying an additional 444 shares during the last quarter. Assetmark Inc. boosted its position in ACI Worldwide by 18.2% in the third quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock worth $276,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Watershed Asset Management L.L.C. purchased a new position in ACI Worldwide in the fourth quarter worth $296,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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.