Wall Street Zen Downgrades ACI Worldwide (NASDAQ:ACIW) to Hold

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

ACIW has been the topic of several other reports. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a report on Monday, May 11th. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $44.09 on Friday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 22.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $54.28. The firm’s 50-day simple moving average is $43.16 and its two-hundred day simple moving average is $43.31.

ACI Worldwide (NASDAQ:ACIW) last issued 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 return on equity of 16.76% and a net margin of 11.51%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, equities analysts forecast that ACI Worldwide will post 2.59 earnings per share for the current year.

Institutional Trading of ACI Worldwide

A number of institutional investors have recently added to or reduced their stakes in ACIW. JPMorgan Chase & Co. lifted its holdings in shares of ACI Worldwide by 39.0% in the third quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock worth $13,168,000 after buying an additional 69,964 shares in the last quarter. Jefferson Bridge Capital LLC purchased a new stake in shares of ACI Worldwide in the fourth quarter worth $1,176,000. Weitz Investment Management Inc. increased its stake in ACI Worldwide by 19.9% in the 3rd quarter. Weitz Investment Management Inc. now owns 366,800 shares of the technology company’s stock worth $19,356,000 after acquiring an additional 60,800 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of ACI Worldwide by 159.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock worth $37,362,000 after purchasing an additional 480,711 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in ACI Worldwide by 4.0% in the 4th quarter. Congress Asset Management Co. now owns 1,391,125 shares of the technology company’s stock worth $66,510,000 after buying an additional 52,946 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.