Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $60.00

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $60.00.

Several research analysts recently issued reports on the company. Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Weiss Ratings cut ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th.

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $40.98 per share, with a total value of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares in the company, valued at approximately $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Juan Benitez II bought 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the transaction, the director owned 16,881 shares of the company’s stock, valued at $707,313.90. The trade was a 16.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of ACI Worldwide by 51.9% during the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of ACI Worldwide by 13.5% during the 2nd 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 stake in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after purchasing an additional 260 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of ACI Worldwide by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 0.9%

NASDAQ ACIW opened at $40.78 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 18.79 and a beta of 1.03. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $55.45. The business has a 50 day moving average price of $40.86 and a 200-day moving average price of $45.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $481.60 million for the quarter, compared to the consensus estimate of $465.20 million. ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, equities analysts expect that ACI Worldwide will post 2 earnings per share for the current fiscal 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.