ACI Worldwide, Inc. (NASDAQ:ACIW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have received an average rating of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $60.00.

ACIW has been the topic of a number of research analyst reports. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Finally, Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st.

Institutional Investors Weigh In On ACI Worldwide

Several large investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in ACI Worldwide by 8.2% during the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after purchasing an additional 230 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ACI Worldwide by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after buying an additional 249 shares during the last quarter. Allworth Financial LP increased its holdings in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after buying an additional 260 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of ACI Worldwide by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after buying an additional 268 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Up 0.0%

Shares of ACIW stock opened at $56.43 on Tuesday. The stock has a market cap of $5.74 billion, a P/E ratio of 28.36 and a beta of 0.98. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $57.60. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $46.02 and its two-hundred day simple moving average is $43.81.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts predict that ACI Worldwide will post 2.69 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.