ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Has Average Target Price of $61.00

ACI Worldwide, Inc. (NASDAQ:ACIW) has received an average recommendation of “Moderate Buy” from the four analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.00.

Several research firms have recently commented on ACIW. Stephens initiated coverage on shares of ACI Worldwide in a research note on Friday, October 16th. They set an “equal weight” rating and a $56.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $66.00 price objective on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

ACI Worldwide Trading Up 4.3%

ACIW opened at $56.19 on Friday. ACI Worldwide has a 1-year low of $38.05 and a 1-year high of $61.08. The stock has a market capitalization of $5.67 billion, a PE ratio of 25.78 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $51.66 and a two-hundred day moving average price of $49.21.

Hedge Funds Weigh In On ACI Worldwide

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in ACI Worldwide during the 2nd quarter worth about $823,821,000. Dimensional Fund Advisors LP boosted its stake in shares of ACI Worldwide by 13.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock valued at $115,364,000 after purchasing an additional 344,358 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of ACI Worldwide by 8.5% in the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock valued at $121,916,000 after purchasing an additional 189,433 shares during the last quarter. North Reef Capital Management LP grew its position in shares of ACI Worldwide by 13.2% during the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company’s stock worth $91,452,000 after buying an additional 260,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of ACI Worldwide by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,769,112 shares of the technology company’s stock worth $72,551,000 after buying an additional 86,964 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc (NASDAQ: ACIW) develops and provides electronic payment software and services for merchants, banks, financial institutions, billers and other organizations. Its technology is designed to support payment acceptance, transaction processing, fraud prevention and the movement of money across digital and traditional channels.

The company’s offerings include payment orchestration and acquiring solutions, real-time payments, bill payment and electronic bill presentment, fraud management, and software for retail and enterprise payment operations.