ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $60.00 Average PT from Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $60.00.

A number of research firms recently weighed in on ACIW. Zacks Research cut shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $40.98 per share, with a total value of $122,940.00. Following the purchase, the director owned 64,378 shares in the company, valued at approximately $2,638,210.44. The trade was a 4.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Juan Benitez II bought 2,400 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $41.90 per share, with a total value of $100,560.00. Following the completion of the acquisition, the director directly owned 16,881 shares in the company, valued at $707,313.90. This trade represents a 16.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Trading of ACI Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in shares of ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares during the period. Alliancebernstein L.P. increased its stake in ACI Worldwide by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock worth $123,277,000 after buying an additional 107,993 shares during the period. Morgan Stanley increased its stake in ACI Worldwide by 6.0% during the 4th quarter. Morgan Stanley now owns 2,188,415 shares of the technology company’s stock worth $104,628,000 after buying an additional 123,928 shares during the period. North Reef Capital Management LP lifted its holdings in ACI Worldwide by 10.4% during the 4th quarter. North Reef Capital Management LP now owns 1,970,000 shares of the technology company’s stock worth $94,186,000 after buying an additional 186,149 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in ACI Worldwide by 90.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after buying an additional 861,779 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Down 1.6%

Shares of ACIW opened at $39.77 on Wednesday. The company’s 50-day moving average price is $42.37 and its 200 day moving average price is $46.71. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $57.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.05 billion, a P/E ratio of 18.33 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The company had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. During the same period last year, the business earned $1.08 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that ACI Worldwide will post 2 earnings per share 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.