ACI Worldwide (NASDAQ:ACIW) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Monday.
A number of other equities analysts have also weighed in on the company. BidaskClub upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.00.
ACI Worldwide (NASDAQ ACIW) opened at $26.01 on Monday. The firm has a market capitalization of $3,017.01, a PE ratio of 520.20, a price-to-earnings-growth ratio of 3.31 and a beta of 1.18. ACI Worldwide has a 52 week low of $20.23 and a 52 week high of $26.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31.
In related news, EVP Anthony M. Scotto, Jr. sold 30,000 shares of ACI Worldwide stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $22.97, for a total value of $689,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Shay, Jr. sold 63,781 shares of ACI Worldwide stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $24.85, for a total value of $1,584,957.85. Following the completion of the transaction, the director now owns 91,896 shares of the company’s stock, valued at approximately $2,283,615.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,781 shares of company stock valued at $3,945,958. 4.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC increased its stake in shares of ACI Worldwide by 2.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 95,858 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 2,287 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ACI Worldwide by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after buying an additional 2,352 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in ACI Worldwide by 3.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 73,870 shares of the technology company’s stock worth $1,675,000 after buying an additional 2,754 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in ACI Worldwide by 4.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 72,092 shares of the technology company’s stock worth $1,652,000 after buying an additional 2,933 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in ACI Worldwide by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 516,318 shares of the technology company’s stock worth $11,761,000 after buying an additional 3,065 shares during the last quarter.
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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.
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