ACI Worldwide (NASDAQ:ACIW) Reaches New 12-Month High – Time to Buy?

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.60 and last traded at $56.43, with a volume of 758115 shares. The stock had previously closed at $56.42.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACIW. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Up 0.0%

The stock has a market cap of $5.74 billion, a PE ratio of 28.36 and a beta of 0.98. The firm has a 50-day moving average price of $46.02 and a 200-day moving average price of $43.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 2.69 EPS for the current fiscal year.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently made changes to their positions in ACIW. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares in the last quarter. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares in the last quarter. Essential Partners LLC increased its holdings in shares of ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of ACI Worldwide in the fourth quarter worth $37,000. Finally, State of Wyoming purchased a new position in shares of ACI Worldwide in the second quarter worth $37,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.