Brokerages Set ACI Worldwide, Inc. (NASDAQ:ACIW) PT at $60.00

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $60.00.

Separately, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd.

ACI Worldwide Stock Performance

Shares of ACIW opened at $40.59 on Friday. The stock has a market capitalization of $4.18 billion, a PE ratio of 16.37 and a beta of 1.05. The business’s fifty day moving average price is $44.84 and its 200 day moving average price is $47.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide has a 12-month low of $38.53 and a 12-month high of $58.14.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in shares of ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after purchasing an additional 249 shares during the period. Allworth Financial LP raised its holdings 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 valued at $28,000 after buying an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of ACI Worldwide by 6.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after buying an additional 260 shares during the period. Finally, ProShare Advisors LLC grew its holdings in ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after buying an additional 268 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

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.