Wall Street Zen Upgrades ACI Worldwide (NASDAQ:ACIW) to Buy

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

Several other analysts have also issued reports on ACIW. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. DA Davidson lifted their price objective on shares of ACI Worldwide from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.00.

ACI Worldwide Stock Up 3.3%

NASDAQ:ACIW opened at $56.31 on Friday. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 28.30 and a beta of 0.98. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $60.17. The stock’s 50 day moving average price is $48.43 and its two-hundred day moving average price is $44.34. The company has a quick ratio of 1.53, a current 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The company 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 was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. Equities research analysts expect that ACI Worldwide will post 2.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently made changes to their positions in ACIW. Millennium Management LLC increased its stake in ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after acquiring an additional 1,284,419 shares during the period. Norges Bank bought a new stake in shares of ACI Worldwide during the 4th quarter valued at $54,735,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of ACI Worldwide by 90.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock valued at $86,851,000 after acquiring an additional 861,779 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 worth $115,364,000 after purchasing an additional 344,358 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of ACI Worldwide by 1,875.6% in the first quarter. Renaissance Technologies LLC now owns 350,333 shares of the technology company’s stock worth $14,367,000 after purchasing an additional 332,600 shares during the period. 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.