Equities research analysts at DA Davidson assumed coverage on shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in a report issued on Thursday. The firm set a “buy” rating and a $26.00 price target on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 14.39% from the stock’s previous close.

Other analysts have also issued reports about the stock. TheStreet lowered shares of ACI Worldwide from a “b” rating to a “c+” rating in a research report on Friday, May 5th. BidaskClub lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.50.

ACI Worldwide (ACIW) opened at 22.73 on Thursday. The stock’s 50 day moving average price is $22.57 and its 200 day moving average price is $22.18. The firm has a market capitalization of $2.69 billion, a PE ratio of 105.23 and a beta of 1.33. ACI Worldwide has a one year low of $15.11 and a one year high of $24.65.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) earnings per share. Analysts expect that ACI Worldwide will post $0.52 EPS for the current year.

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In other news, CEO Philip G. Heasley bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $21.32 per share, for a total transaction of $106,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Shay, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total transaction of $463,800.00. Following the sale, the director now owns 81,896 shares in the company, valued at approximately $1,899,168.24. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in ACIW. Riverhead Capital Management LLC raised its stake in shares of ACI Worldwide by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after buying an additional 2,357 shares during the period. Quantbot Technologies LP purchased a new stake in shares of ACI Worldwide during the first quarter worth about $170,000. LS Investment Advisors LLC raised its stake in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the period. Strs Ohio raised its stake in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of ACI Worldwide during the first quarter worth about $204,000.

ACI Worldwide Company Profile

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. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

Analyst Recommendations for ACI Worldwide (NASDAQ:ACIW)

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