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.

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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.

12 Month Chart for NASDAQ:ACIW

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