ACI Worldwide (NASDAQ:ACIW) Stock Rating Lowered by Zacks Research

ACI Worldwide (NASDAQ:ACIW) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide has an average rating of “Hold” and a consensus price target of $60.00.

ACI Worldwide Stock Performance

Shares of ACIW opened at $41.44 on Tuesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 19.10 and a beta of 1.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $42.63 and its two-hundred day moving average is $46.84. ACI Worldwide has a 52-week low of $38.05 and a 52-week high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The company had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. Analysts forecast that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In related news, Director Juan Benitez II acquired 2,400 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the acquisition, the director directly owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. The trade was a 16.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Adalio T. Sanchez purchased 3,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, with a total value of $122,940.00. Following the completion of the purchase, the director owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Institutional Trading of ACI Worldwide

Institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after acquiring an additional 97,206 shares during the period. NewEdge Advisors LLC raised its position in ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after acquiring an additional 711 shares in the last quarter. Caxton Associates LLP acquired a new stake in ACI Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC boosted its position in shares of ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after purchasing an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of ACI Worldwide by 13.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 48,988 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.