ACI Worldwide, Inc. (NASDAQ:ACIW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.00.

A number of analysts have commented on ACIW shares. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th.

Insider Buying and Selling

In other ACI Worldwide news, Director Juan Benitez II purchased 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the acquisition, the director owned 16,881 shares in the company, valued at $707,313.90. This represents a 16.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Adalio T. Sanchez purchased 3,000 shares of ACI Worldwide stock in a transaction on Monday, March 2nd. The shares were acquired at an average cost of $40.98 per share, with a total value of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares in the company, valued at $2,638,210.44. The trade was a 4.89% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ACI Worldwide by 13.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock worth $115,364,000 after purchasing an additional 344,358 shares during the period. Alliancebernstein L.P. raised its stake in shares of ACI Worldwide by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock valued at $123,277,000 after buying an additional 107,993 shares during the last quarter. North Reef Capital Management LP raised its stake in shares of ACI Worldwide by 13.2% during the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company’s stock valued at $91,452,000 after buying an additional 260,000 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of ACI Worldwide by 6.0% in the 4th quarter. Morgan Stanley now owns 2,188,415 shares of the technology company’s stock valued at $104,628,000 after buying an additional 123,928 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $42.72 on Monday. The company has a fifty day simple moving average of $41.90 and a two-hundred day simple moving average of $43.81. The stock has a market cap of $4.34 billion, a P/E ratio of 21.47 and a beta of 1.01. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $54.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The firm had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that ACI Worldwide will post 2.53 earnings per share for the current 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.