ACI Worldwide (NASDAQ:ACIW) Cut to “Neutral” at DA Davidson

DA Davidson cut shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a neutral rating in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage currently has $60.00 price target on the technology company’s stock, up from their previous price target of $57.00.

Several other equities research analysts have also recently commented on the company. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Canaccord Genuity Group raised their target price on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.50.

ACI Worldwide Trading Down 3.8 %

Shares of ACIW stock opened at $55.82 on Friday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 26.46 and a beta of 1.19. The stock has a 50-day moving average of $50.42 and a 200-day moving average of $43.71. The company has a current ratio of 1.56, a quick ratio of 1.32 and a debt-to-equity ratio of 0.72. ACI Worldwide has a 1-year low of $24.76 and a 1-year high of $59.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC lifted its holdings in shares of ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide during the third quarter worth $112,000. 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.