ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Average Rating of “Moderate Buy” from Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $60.00.

Several brokerages have weighed in on ACIW. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday.

Insider Buying and Selling

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently bought and sold shares of ACIW. Allworth Financial LP lifted its position in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in ACI Worldwide during the 2nd quarter worth approximately $32,000. Bessemer Group Inc. lifted its holdings in ACI Worldwide by 51.9% during the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after buying an additional 214 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in ACI Worldwide by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after buying an additional 298 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Trading Down 0.6%

ACIW opened at $47.81 on Friday. The stock has a market capitalization of $4.93 billion, a PE ratio of 19.28 and a beta of 1.05. ACI Worldwide has a one year low of $40.45 and a one year high of $58.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50 day moving average price is $47.63 and its 200 day moving average price is $47.71.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The company had revenue of $482.36 million during the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that ACI Worldwide will post 2 EPS for the current year.

About ACI Worldwide

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.