ACI Worldwide Downgraded by Zacks to “Neutral” (ACIW)
ACI Worldwide (NASDAQ:ACIW) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $67.60 price objective on the stock. Zacks‘ price target indicates a potential upside of 5.13% from the stock’s previous close.
Separately, analysts at Wedbush raised their price target on shares of ACI Worldwide from $45.00 to $50.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up 1.80% during mid-day trading on Tuesday, hitting $64.30. The stock had a trading volume of 293,979 shares. ACI Worldwide has a 1-year low of $42.74 and a 1-year high of $65.94. The stock’s 50-day moving average is $63.56 and its 200-day moving average is $53.95. The company has a market cap of $2.479 billion and a P/E ratio of 41.34.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.09. The company had revenue of $216.00 million for the quarter, compared to the consensus estimate of $217.57 million. During the same quarter last year, the company posted $0.29 earnings per share. ACI Worldwide’s revenue was up 38.0% compared to the same quarter last year. Analysts expect that ACI Worldwide will post $2.04 EPS for the current fiscal year.
In other ACI Worldwide news, CEO Philip Heasley unloaded 50,000 shares of ACI Worldwide stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $63.24, for a total value of $3,162,000.00. Following the completion of the transaction, the chief executive officer now directly owns 308,630 shares of the company’s stock, valued at approximately $19,517,761. The transaction was disclosed in a filing with the SEC, which is available at this link.
ACI Worldwide, Inc(NASDAQ:ACIW) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.