DA Davidson initiated coverage on shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in a report issued on Thursday, MarketBeat reports. The firm issued a buy rating and a $26.00 price objective on the technology company’s stock.

A number of other research firms have also recently weighed in on ACIW. BidaskClub raised shares of ACI Worldwide from a hold rating to a buy rating in a report on Tuesday, June 27th. Zacks Investment Research cut shares of ACI Worldwide from a strong-buy rating to a hold rating in a report on Wednesday, May 31st. ValuEngine raised shares of ACI Worldwide from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, TheStreet cut shares of ACI Worldwide from a b rating to a c+ rating in a report on Friday, May 5th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $25.50.

Shares of ACI Worldwide (NASDAQ ACIW) traded down 0.13% on Thursday, reaching $22.73. 331,756 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $22.57 and a 200 day moving average of $22.18. ACI Worldwide has a one year low of $15.11 and a one year high of $24.65. The firm has a market capitalization of $2.69 billion, a P/E ratio of 105.23 and a beta of 1.33.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company had revenue of $240.60 million for the quarter, compared to analysts’ expectations of $225.87 million. During the same quarter last year, the company earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts predict that ACI Worldwide will post $0.52 EPS for the current year.

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In other ACI Worldwide news, CEO Philip G. Heasley bought 5,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $21.32 per share, with a total value of $106,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total transaction of $463,800.00. Following the completion of the transaction, the director now directly owns 81,896 shares in the company, valued at $1,899,168.24. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its holdings in shares of ACI Worldwide by 4.4% in the 4th quarter. Teachers Advisors LLC now owns 194,364 shares of the technology company’s stock valued at $3,528,000 after acquiring an additional 8,128 shares during the period. Capstone Asset Management Co. acquired a new position in shares of ACI Worldwide in the 1st quarter valued at $220,000. Louisiana State Employees Retirement System increased its holdings in shares of ACI Worldwide by 2.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the technology company’s stock valued at $633,000 after acquiring an additional 600 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of ACI Worldwide by 30.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 82,140 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 19,340 shares during the period. Finally, Strs Ohio increased its holdings in shares of ACI Worldwide by 113.2% in the 1st quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after acquiring an additional 4,300 shares during the period.

About ACI Worldwide

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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