ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $60.00 Consensus Target Price from Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $60.00.

Several analysts recently issued reports on ACIW shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after buying an additional 372 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in ACI Worldwide during the 4th quarter worth $37,000. State of Alaska Department of Revenue boosted its holdings in ACI Worldwide by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 91,409 shares of the technology company’s stock worth $4,369,000 after acquiring an additional 647 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of ACI Worldwide by 0.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 52,705 shares of the technology company’s stock worth $2,520,000 after acquiring an additional 426 shares in the last quarter. Finally, Jefferson Bridge Capital LLC purchased a new stake in shares of ACI Worldwide in the fourth quarter valued at about $1,176,000. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $44.81 on Tuesday. ACI Worldwide has a one year low of $40.45 and a one year high of $58.14. The company has a market cap of $4.62 billion, a PE ratio of 18.07 and a beta of 1.05. The stock has a 50-day moving average of $46.50 and a 200-day moving average of $47.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58.

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

About ACI Worldwide

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.