Brokerages Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $47.50

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.50.

ACIW has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Canaccord Genuity Group upped their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, DA Davidson boosted their price objective on shares of ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Institutional Inflows and Outflows

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

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $52.66 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s fifty day moving average is $48.79 and its two-hundred day moving average is $40.89. The firm has a market capitalization of $5.51 billion, a P/E ratio of 31.16 and a beta of 1.19. ACI Worldwide has a fifty-two week low of $19.56 and a fifty-two week high of $52.72.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The business had revenue of $373.48 million during the quarter, compared to analysts’ expectations of $349.95 million. On average, research analysts anticipate that ACI Worldwide will post 1.96 earnings per share for the current year.

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.