Research analysts at Compass Point started coverage on shares of ACI Worldwide (NASDAQ:ACIW) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.
Several other equities research analysts also recently issued reports on the company. Craig Hallum reiterated a “buy” rating and issued a $42.00 price objective on shares of ACI Worldwide in a report on Thursday, August 13th. BTIG Research cut their price target on ACI Worldwide from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. They noted that the move was a valuation call. BidaskClub upgraded ACI Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday. Canaccord Genuity increased their price objective on ACI Worldwide from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, TheStreet upgraded ACI Worldwide from a “c+” rating to a “b-” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.80.
NASDAQ ACIW traded down $0.25 on Wednesday, reaching $26.54. 941,579 shares of the company were exchanged, compared to its average volume of 807,371. The business’s fifty day moving average price is $28.87 and its 200 day moving average price is $26.87. The stock has a market capitalization of $3.09 billion, a P/E ratio of 40.83 and a beta of 1.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.18. ACI Worldwide has a fifty-two week low of $20.03 and a fifty-two week high of $39.37.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. The company had revenue of $299.91 million for the quarter, compared to analyst estimates of $297.37 million. ACI Worldwide had a return on equity of 8.79% and a net margin of 5.72%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share.
In related news, EVP Dennis Byrnes sold 35,133 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $30.05, for a total value of $1,055,746.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.37% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in ACI Worldwide by 17.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,798 shares of the technology company’s stock worth $68,000 after acquiring an additional 406 shares during the period. BNP Paribas Arbitrage SA lifted its position in ACI Worldwide by 1.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 27,891 shares of the technology company’s stock worth $674,000 after acquiring an additional 412 shares during the period. Swiss National Bank lifted its position in ACI Worldwide by 0.3% during the 1st quarter. Swiss National Bank now owns 224,200 shares of the technology company’s stock worth $5,414,000 after acquiring an additional 700 shares during the period. Millrace Asset Group Inc. lifted its position in ACI Worldwide by 1.6% during the 1st quarter. Millrace Asset Group Inc. now owns 52,157 shares of the technology company’s stock worth $1,260,000 after acquiring an additional 829 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in ACI Worldwide by 3.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the technology company’s stock worth $780,000 after acquiring an additional 900 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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