Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $25.00.

ACIW has been the topic of several research reports. Zacks Investment Research lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. DA Davidson initiated coverage on shares of ACI Worldwide in a report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price target on the stock. Finally, BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th.

In other news, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total transaction of $463,800.00. Following the sale, the director now owns 81,896 shares in the company, valued at $1,899,168.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip G. Heasley acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $21.32 per share, for a total transaction of $106,600.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of ACI Worldwide during the first quarter valued at approximately $280,000. Schwab Charles Investment Management Inc. raised its stake in shares of ACI Worldwide by 6.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 578,261 shares of the technology company’s stock valued at $12,370,000 after purchasing an additional 35,397 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of ACI Worldwide by 127.8% during the second quarter. BNP Paribas Arbitrage SA now owns 60,701 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 34,050 shares during the period. Arizona State Retirement System increased its stake in shares of ACI Worldwide by 2.0% in the second quarter. Arizona State Retirement System now owns 49,800 shares of the technology company’s stock worth $1,114,000 after buying an additional 1,000 shares during the last quarter. Finally, Tuttle Tactical Management LLC bought a new stake in shares of ACI Worldwide in the second quarter worth $287,000.

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Shares of ACI Worldwide (ACIW) opened at 24.20 on Friday. The company’s 50-day moving average is $23.25 and its 200 day moving average is $22.66. ACI Worldwide has a 52 week low of $15.11 and a 52 week high of $24.65. The stock has a market capitalization of $2.86 billion, a P/E ratio of 112.04 and a beta of 1.34.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The firm had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same quarter last year, the firm posted ($0.15) earnings per share. ACI Worldwide’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that ACI Worldwide will post $0.52 EPS for the current fiscal year.

About ACI Worldwide

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.

Analyst Recommendations for ACI Worldwide (NASDAQ:ACIW)

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