ACI Worldwide, Inc. (ACIW) Upgraded to “Hold” at Zacks Investment Research
ACI Worldwide, Inc. (NASDAQ:ACIW) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Transaction Systems Architects, Inc. develops, markets, installs and supports a broad line of software products and services primarily focused on facilitating electronic payments and electronic commerce. The Company’s products are organized into four lines-of-business groups: Consumer Banking, Corporate Banking, Retail Solutions and System Solutions. “
Several other brokerages have also issued reports on ACIW. Monness Crespi & Hardt cut their price target on ACI Worldwide from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.67.
ACI Worldwide (NASDAQ:ACIW) traded up 1.60% on Friday, reaching $19.09. The company had a trading volume of 270,442 shares. ACI Worldwide has a 12 month low of $15.07 and a 12 month high of $22.00. The company’s 50 day moving average price is $18.67 and its 200-day moving average price is $18.91. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 21.23 and a beta of 1.47.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.20. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The firm had revenue of $217 million for the quarter, compared to analyst estimates of $246.61 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that ACI Worldwide will post $0.41 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its stake in ACI Worldwide by 21.5% in the second quarter. Capstone Asset Management Co. now owns 16,467 shares of the company’s stock worth $321,000 after buying an additional 2,910 shares in the last quarter. LS Investment Advisors LLC increased its stake in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock worth $137,000 after buying an additional 2,849 shares in the last quarter. Bank of Montreal Can bought a new stake in ACI Worldwide during the second quarter worth approximately $5,106,000. Princeton Capital Management Inc. bought a new stake in ACI Worldwide during the second quarter worth approximately $521,000. Finally, Boston Advisors LLC increased its stake in ACI Worldwide by 0.6% in the second quarter. Boston Advisors LLC now owns 24,741 shares of the company’s stock worth $483,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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