ACI Worldwide Inc (NASDAQ:ACIW) Given Consensus Recommendation of “Buy” by Analysts
ACI Worldwide Inc (NASDAQ:ACIW) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.33.
A number of brokerages recently weighed in on ACIW. BidaskClub cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Monday, July 31st. ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet cut ACI Worldwide from a “b” rating to a “c+” rating in a research note on Friday, May 5th.
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Shares of ACI Worldwide (ACIW) traded up 0.09% during midday trading on Tuesday, reaching $21.75. 35,917 shares of the company were exchanged. The company has a market capitalization of $2.57 billion, a PE ratio of 100.69 and a beta of 1.32. The firm’s 50 day moving average is $23.10 and its 200-day moving average is $21.81. ACI Worldwide has a 52-week low of $15.11 and a 52-week high of $24.65.
ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The firm had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. ACI Worldwide had a negative return on equity of 15.65% and a negative net margin of 12.39%. ACI Worldwide’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. On average, equities analysts forecast that ACI Worldwide will post $0.55 earnings per share for the current fiscal year.
In related news, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total value of $463,800.00. Following the transaction, the director now owns 81,896 shares of the company’s stock, valued at approximately $1,899,168.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of ACI Worldwide during the first quarter worth $170,000. LS Investment Advisors LLC boosted its position in shares of 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 in the last quarter. Strs Ohio boosted its position in shares of 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 in the last quarter. Teacher Retirement System of Texas bought a new position in shares of ACI Worldwide during the first quarter worth $204,000. Finally, Trexquant Investment LP bought a new position in shares of ACI Worldwide during the first quarter worth $208,000.
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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