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

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

A number of brokerages recently weighed in on ACIW. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares during the period. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the period. Essential Partners LLC lifted its position in ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares during the period. Eagle Bay Advisors LLC bought a new position in ACI Worldwide during the fourth quarter valued at approximately $37,000. Finally, State of Wyoming bought a new position in ACI Worldwide during the second quarter valued at approximately $37,000. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 1.2%

NASDAQ:ACIW opened at $44.09 on Friday. The company’s 50 day moving average price is $43.11 and its 200-day moving average price is $43.30. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $54.28. 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 stock has a market cap of $4.48 billion, a price-to-earnings ratio of 22.16 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, equities research analysts forecast that ACI Worldwide will post 2.59 earnings per share for the current fiscal 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.