ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $60.00.

A number of equities analysts recently weighed in on ACIW shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th.

Insider Activity at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after purchasing an additional 323 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of ACI Worldwide in the 2nd quarter valued at approximately $32,000. Bessemer Group Inc. increased its stake in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after purchasing an additional 298 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Trading Up 3.5%

NASDAQ ACIW opened at $50.40 on Friday. The business has a 50 day simple moving average of $47.75 and a 200 day simple moving average of $47.66. ACI Worldwide has a one year low of $40.45 and a one year high of $58.14. The stock has a market capitalization of $5.20 billion, a P/E ratio of 20.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The company had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that ACI Worldwide will post 2 earnings per share for the current year.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.