ACI Worldwide Inc (NASDAQ:ACIW) hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.31 and last traded at $35.23, with a volume of 29556 shares changing hands. The stock had previously closed at $34.16.

Several equities research analysts recently commented on ACIW shares. BidaskClub raised ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 3rd. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $38.00 in a research note on Friday, March 8th. Finally, Zacks Investment Research cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $34.00.

The company has a market cap of $4.06 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.91 and a quick ratio of 1.91.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 28th. The technology company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.05). The firm had revenue of $319.95 million during the quarter, compared to the consensus estimate of $366.24 million. ACI Worldwide had a net margin of 6.83% and a return on equity of 9.17%. Equities analysts anticipate that ACI Worldwide Inc will post 1.14 earnings per share for the current year.

In related news, CEO Philip G. Heasley sold 166,572 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $32.28, for a total value of $5,376,944.16. Following the completion of the sale, the chief executive officer now directly owns 1,441,533 shares in the company, valued at approximately $46,532,685.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.42% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its holdings in ACI Worldwide by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,100 shares of the technology company’s stock worth $1,022,000 after purchasing an additional 300 shares during the last quarter. Advisor Group Inc. lifted its holdings in ACI Worldwide by 10.7% in the 4th quarter. Advisor Group Inc. now owns 3,579 shares of the technology company’s stock worth $100,000 after purchasing an additional 346 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in ACI Worldwide by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,127 shares of the technology company’s stock worth $86,000 after purchasing an additional 465 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of ACI Worldwide by 2.3% during the third quarter. Belpointe Asset Management LLC now owns 24,951 shares of the technology company’s stock worth $702,000 after buying an additional 551 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of ACI Worldwide by 29.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,342 shares of the technology company’s stock worth $92,000 after buying an additional 762 shares during the last quarter.

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ACI Worldwide Company Profile (NASDAQ:ACIW)

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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