ACI Worldwide Inc (ACIW) Given Consensus Recommendation of “Buy” by Analysts
Shares of ACI Worldwide Inc (NASDAQ:ACIW) have received an average recommendation of “Buy” from the six analysts that are covering the firm. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.33.
Several research analysts recently commented on ACIW shares. TheStreet raised shares of ACI Worldwide from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, May 2nd. Avondale Partners downgraded shares of ACI Worldwide from a “market outperform” rating to a “market perform” rating in a research report on Friday, March 3rd. Finally, Raymond James Financial, Inc. raised shares of ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Thursday, March 2nd.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the transaction, the director now owns 80,829 shares of the company’s stock, valued at approximately $1,778,238. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in ACI Worldwide during the first quarter worth approximately $170,000. LS Investment Advisors LLC increased its position in ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the period. Strs Ohio increased its position in ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the period. Teacher Retirement System of Texas acquired a new position in ACI Worldwide during the first quarter worth approximately $204,000. Finally, Trexquant Investment LP acquired a new position in ACI Worldwide during the first quarter worth approximately $208,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of ACI Worldwide (NASDAQ:ACIW) opened at 22.87 on Tuesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 69.09 and a beta of 1.48. ACI Worldwide has a 1-year low of $15.11 and a 1-year high of $23.97. The company’s 50-day moving average is $21.96 and its 200 day moving average is $20.21.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. The company had revenue of $231.50 million for the quarter, compared to the consensus estimate of $217.24 million. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. Equities analysts anticipate that ACI Worldwide will post $0.46 EPS for the current year.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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