ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Rating of “Moderate Buy” by Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $44.03 on Tuesday. ACI Worldwide has a 12 month low of $40.45 and a 12 month high of $58.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.54 billion, a PE ratio of 17.75 and a beta of 1.05. The business has a fifty day simple moving average of $46.53 and a 200-day simple moving average of $47.65.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data 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 firm had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that ACI Worldwide will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the 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 sale, the chief technology officer directly owned 96,897 shares in the company, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACIW. Franklin Resources Inc. lifted its position in ACI Worldwide by 79.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after acquiring an additional 4,280,684 shares during the last quarter. Millennium Management LLC increased its stake in shares of ACI Worldwide by 879.8% in the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after purchasing an additional 1,284,419 shares during the period. Norges Bank acquired a new position in shares of ACI Worldwide during the 2nd quarter worth about $47,641,000. London Co. of Virginia lifted its position in shares of ACI Worldwide by 91.0% during the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after purchasing an additional 825,671 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in ACI Worldwide by 159.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock valued at $37,362,000 after purchasing an additional 480,711 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

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.