ACI Worldwide’s (ACIW) Buy Rating Reiterated at DA Davidson

ACI Worldwide (NASDAQ:ACIW)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report issued on Wednesday, Benzinga reports. They currently have a $66.00 price target on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 25.97% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings raised shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide has a consensus rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Stock Up 2.3%

ACIW traded up $1.16 during trading on Wednesday, hitting $52.39. The company had a trading volume of 168,262 shares, compared to its average volume of 887,679. The firm’s 50-day moving average price is $54.37 and its 200 day moving average price is $46.39. The company has a market capitalization of $5.29 billion, a PE ratio of 24.03 and a beta of 0.98. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide has a one year low of $38.05 and a one year high of $61.08.

Institutional Trading of ACI Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC raised its stake in ACI Worldwide by 16.8% in the 1st quarter. WCM Investment Management LLC now owns 516,342 shares of the technology company’s stock valued at $20,814,000 after purchasing an additional 74,085 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ACI Worldwide during the 2nd quarter valued at $6,810,000. Quantinno Capital Management LP grew its position in ACI Worldwide by 379.9% during the first quarter. Quantinno Capital Management LP now owns 82,590 shares of the technology company’s stock valued at $3,387,000 after acquiring an additional 65,380 shares during the period. Reinhart Partners LLC. increased its position in ACI Worldwide by 8.5% during the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock worth $121,916,000 after purchasing an additional 189,433 shares in the last quarter. Finally, Amundi increased its position in shares of ACI Worldwide by 79.7% in the first quarter. Amundi now owns 58,680 shares of the technology company’s stock worth $2,406,000 after acquiring an additional 26,026 shares in the last quarter. Institutional investors 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.