ACI Worldwide (NASDAQ:ACIW) PT Raised to $57.00

ACI Worldwide (NASDAQ:ACIW) had its target price lifted by DA Davidson from $52.00 to $57.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a buy rating in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a hold rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, StockNews.com downgraded ACI Worldwide from a buy rating to a hold rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $48.75.

ACI Worldwide Trading Down 0.1 %

NASDAQ ACIW opened at $52.63 on Tuesday. The firm has a market capitalization of $5.51 billion, a PE ratio of 31.14 and a beta of 1.19. The stock’s 50 day moving average is $49.11 and its 200 day moving average is $41.16. ACI Worldwide has a twelve month low of $19.56 and a twelve month high of $53.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The firm had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Research analysts forecast that ACI Worldwide will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of ACI Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB purchased a new stake in shares of ACI Worldwide during the first quarter valued at $3,321,000. GSA Capital Partners LLP purchased a new stake in shares of ACI Worldwide during the 1st quarter valued at about $846,000. CANADA LIFE ASSURANCE Co grew its stake in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after acquiring an additional 22,992 shares during the period. ClariVest Asset Management LLC raised its holdings in shares of ACI Worldwide by 140.3% during the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock valued at $2,063,000 after purchasing an additional 36,261 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in ACI Worldwide by 9.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after purchasing an additional 180,600 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.