ACI Worldwide (NASDAQ:ACIW) Reaches New 52-Week Low – What’s Next?

ACI Worldwide, Inc. (NASDAQ:ACIW) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $39.87 and last traded at $39.9320, with a volume of 546889 shares changing hands. The stock had previously closed at $43.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $4.07 billion, a P/E ratio of 15.90 and a beta of 1.05. The company’s 50-day moving average is $46.23 and its two-hundred day moving average is $47.64.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million during the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. Sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in ACIW. Farther Finance Advisors LLC increased its position in ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares in the last quarter. Allworth Financial LP grew its stake in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of 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 buying an additional 323 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of ACI Worldwide during the second quarter worth $32,000. Finally, Bessemer Group Inc. lifted its stake in shares of ACI Worldwide by 51.9% in the 3rd 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 last quarter. 94.73% of the stock is owned by institutional investors.

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.