ACI Worldwide Upgraded to “Neutral” at Zacks (ACIW)
ACI Worldwide (NASDAQ:ACIW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $59.10 price target on the stock. Zacks‘s price objective would suggest a potential upside of 1.72% from the stock’s previous close.
Separately, analysts at Raymond James downgraded shares of ACI Worldwide from a “market perform” rating to an “underperform” rating in a research note on Monday, May 5th.
Shares of ACI Worldwide (NASDAQ:ACIW) traded down 1.60% on Monday, hitting $57.17. 65,811 shares of the company’s stock traded hands. ACI Worldwide has a 1-year low of $46.00 and a 1-year high of $65.94. The stock has a 50-day moving average of $55.17 and a 200-day moving average of $58.68. The company has a market cap of $2.168 billion and a P/E ratio of 38.35. Shares of ACI Worldwide are set to split on the morning of Friday, July 11th. The 3-1 split was announced on Thursday, April 10th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, July 10th.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.09. The company had revenue of $221.00 million for the quarter, compared to the consensus estimate of $225.51 million. During the same quarter last year, the company posted $0.07 earnings per share. ACI Worldwide’s revenue was up 36.7% compared to the same quarter last year. Analysts expect that ACI Worldwide will post $2.13 EPS for the current fiscal year.
ACI Worldwide, Inc(NASDAQ:ACIW) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments.
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