ACI Worldwide (NASDAQ:ACIW) Stock Rating Upgraded by Zacks Research

ACI Worldwide (NASDAQ:ACIW) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Stock Down 2.9%

Shares of ACIW opened at $43.71 on Monday. The company has a 50-day simple moving average of $42.31 and a 200-day simple moving average of $43.58. The firm has a market capitalization of $4.44 billion, a P/E ratio of 21.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, equities research analysts expect that ACI Worldwide will post 2.59 earnings per share for the current year.

Institutional Trading of ACI Worldwide

Several large investors have recently added to or reduced their stakes in ACIW. Millennium Management LLC grew its stake in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after buying an additional 97,206 shares during the last quarter. NewEdge Advisors LLC grew its stake in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after buying an additional 711 shares during the last quarter. Caxton Associates LLP bought a new stake in ACI Worldwide during the first quarter worth about $259,000. Empowered Funds LLC grew its stake in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after buying an additional 6,399 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after buying an additional 48,988 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.