ACI Worldwide, Inc. (NASDAQ:ACIW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $60.00.

Several equities research analysts have recently commented on the company. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday.

ACI Worldwide Trading Down 1.0%

NASDAQ ACIW opened at $48.12 on Friday. The firm’s fifty day moving average is $47.71 and its two-hundred day moving average is $47.71. ACI Worldwide has a one year low of $40.45 and a one year high of $58.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $4.96 billion, a PE ratio of 19.40 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. Analysts expect that ACI Worldwide will post 2 earnings per share for the current year.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently added to or reduced their stakes in the business. 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 worth $28,000 after buying an additional 257 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after acquiring an additional 323 shares during the period. Ameritas Advisory Services LLC purchased a new position in ACI Worldwide in the second quarter worth $32,000. Bessemer Group Inc. lifted its holdings in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

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.