ACI Worldwide (NASDAQ:ACIW) Upgraded at Wall Street Zen

ACI Worldwide (NASDAQ:ACIW) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on ACIW. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Trading Up 1.0%

ACIW stock opened at $42.80 on Friday. The firm has a fifty day moving average price of $42.51 and a 200 day moving average price of $43.48. ACI Worldwide has a fifty-two week low of $38.05 and a fifty-two week high of $54.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $4.35 billion, a PE ratio of 21.51 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results 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 during the quarter, compared to analyst estimates of $410.08 million. During the same period last year, the firm posted $0.51 earnings per share. ACI Worldwide’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that ACI Worldwide will post 2.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of ACI Worldwide by 79.6% during the 3rd 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 increased its position in shares of 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 valued at $115,364,000 after purchasing an additional 344,358 shares during the last quarter. Alliancebernstein L.P. increased its position 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 purchasing an additional 107,993 shares during the last quarter. North Reef Capital Management LP boosted its holdings in 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 acquiring an additional 260,000 shares during the period. Finally, Morgan Stanley boosted its holdings in ACI Worldwide by 6.0% during the 4th quarter. Morgan Stanley now owns 2,188,415 shares of the technology company’s stock valued at $104,628,000 after acquiring an additional 123,928 shares during the period. Institutional investors own 94.73% of the company’s stock.

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.