Stephens Lowers ACI Worldwide (NASDAQ:ACIW) to Equal Weight

Stephens lowered shares of ACI Worldwide (NASDAQ:ACIW) from an overweight rating to an equal weight rating in a report released on Friday, MarketBeat Ratings reports.

Other equities research analysts have also issued reports about the stock. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson boosted their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $49.02 on Friday. The company has a market cap of $5.13 billion, a PE ratio of 29.01 and a beta of 1.19. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $53.29. 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 firm’s 50 day moving average price is $49.45 and its 200-day moving average price is $41.57.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The firm had revenue of $373.48 million during the quarter, compared to analyst estimates of $349.95 million. Sell-side analysts forecast that ACI Worldwide will post 1.96 EPS for the current fiscal year.

Institutional Trading of ACI Worldwide

Large investors have recently bought and sold shares of the business. Cetera Trust Company N.A increased its position in ACI Worldwide by 7.9% during the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after purchasing an additional 350 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of ACI Worldwide during the 3rd quarter worth approximately $280,000. Violich Capital Management Inc. purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at approximately $246,000. Inspire Advisors LLC purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at approximately $2,944,000. Finally, Trust Point Inc. lifted its holdings in ACI Worldwide by 16.4% in the third quarter. Trust Point Inc. now owns 6,577 shares of the technology company’s stock valued at $335,000 after acquiring an additional 928 shares during the last quarter. 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.