ACI Worldwide, Inc. (ACIW) – What Are Brokerages Saying About This Stock?

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $61.00.

A number of equities research analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Zacks Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Stephens initiated coverage on ACI Worldwide in a research note on Friday. They issued an “equal weight” rating and a $56.00 price target for the company.

Hedge Funds Weigh In On ACI Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of ACI Worldwide during the 2nd quarter worth approximately $823,821,000. Dimensional Fund Advisors LP increased its stake in ACI Worldwide by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock valued at $115,364,000 after acquiring an additional 344,358 shares during the last quarter. Reinhart Partners LLC. increased its stake in ACI Worldwide by 8.5% in the second quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock valued at $121,916,000 after acquiring an additional 189,433 shares during the last quarter. North Reef Capital Management LP increased its stake in ACI Worldwide by 13.2% in the first quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company’s stock valued at $91,452,000 after acquiring an additional 260,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in ACI Worldwide by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,769,112 shares of the technology company’s stock valued at $72,551,000 after purchasing an additional 86,964 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACI Worldwide stock traded down $0.23 during mid-day trading on Friday, hitting $52.32. 26,532 shares of the company’s stock traded hands, compared to its average volume of 859,848. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 24.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a 50 day simple moving average of $51.58 and a two-hundred day simple moving average of $48.75. ACI Worldwide has a fifty-two week low of $38.05 and a fifty-two week high of $61.08.

About ACI Worldwide

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI’s software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.