Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $48.75

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $49.50.

Several research firms have weighed in on ACIW. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group increased their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the company from $57.00 to $60.00 in a research report on Friday. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Finally, StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

ACI Worldwide Trading Down 2.0 %

ACIW stock opened at $58.01 on Tuesday. ACI Worldwide has a 1-year low of $24.76 and a 1-year high of $59.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 27.49 and a beta of 1.19. The business has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $43.47.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.37. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The business had revenue of $451.75 million during the quarter, compared to the consensus estimate of $404.80 million. Research analysts anticipate that ACI Worldwide will post 1.96 EPS for the current fiscal year.

Institutional Trading of ACI Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of ACIW. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of ACI Worldwide by 11.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock valued at $6,690,000 after buying an additional 20,364 shares during the period. BNP Paribas Financial Markets increased its stake in shares of ACI Worldwide by 8.9% during the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock valued at $3,047,000 after buying an additional 7,466 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of ACI Worldwide by 40.2% during the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock valued at $383,000 after buying an additional 3,307 shares during the period. GSA Capital Partners LLP purchased a new position in shares of ACI Worldwide during the first quarter valued at $846,000. Finally, Texas Permanent School Fund Corp increased its stake in shares of ACI Worldwide by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 95,153 shares of the technology company’s stock valued at $3,160,000 after buying an additional 1,231 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

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.