ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Recommendation of “Hold” from Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has received an average recommendation of “Hold” from the three ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.00.

A number of equities research analysts recently issued reports on ACIW shares. Wall Street Zen cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson boosted their price target on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th.

Institutional Investors Weigh In On ACI Worldwide

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in ACI Worldwide by 8.2% in the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after buying an additional 230 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after acquiring an additional 249 shares during the period. Allworth Financial LP raised its position in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after acquiring an additional 260 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after purchasing an additional 268 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $56.87 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.78 billion, a PE ratio of 28.58 and a beta of 0.98. The company has a 50 day moving average price of $47.30 and a two-hundred day moving average price of $44.09. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $60.17.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. As a group, equities analysts predict that ACI Worldwide will post 2.69 earnings per share for the current fiscal year.

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.