ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Rating of “Hold” from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $60.00.

Several equities analysts have issued reports on ACIW shares. Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 18th. Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th.

Insider Activity at ACI Worldwide

In other news, Director Juan Benitez II acquired 2,400 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the completion of the acquisition, the director owned 16,881 shares of the company’s stock, valued at $707,313.90. The trade was a 16.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adalio T. Sanchez bought 3,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. The trade was a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Trading of ACI Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in ACI Worldwide by 79.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after purchasing an additional 4,280,684 shares during the period. Millennium Management LLC increased its stake in ACI Worldwide by 879.8% in the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after purchasing an additional 1,284,419 shares during the period. Norges Bank purchased a new stake in shares of ACI Worldwide in the fourth quarter valued at about $54,735,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of ACI Worldwide by 90.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock valued at $86,851,000 after buying an additional 861,779 shares during the last quarter. Finally, London Co. of Virginia boosted its stake in shares of ACI Worldwide by 91.0% during the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after buying an additional 825,671 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $41.33 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $55.87. The firm’s 50 day moving average is $41.02 and its two-hundred day moving average is $45.72. The firm has a market capitalization of $4.20 billion, a P/E ratio of 19.05 and a beta of 1.03.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Research analysts forecast that ACI Worldwide will post 2 EPS for the current fiscal year.

ACI Worldwide Company Profile

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.