ACI Worldwide (NASDAQ:ACIW) Coverage Initiated by Analysts at Stephens

Investment analysts at Stephens initiated coverage on shares of ACI Worldwide (NASDAQ:ACIW) in a report released on Friday. The brokerage set an “equal weight” rating and a $56.00 price target on the technology company’s stock. Stephens’ target price suggests a potential upside of 6.29% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. 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. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.00.

ACI Worldwide Stock Up 3.2%

ACI Worldwide stock traded up $1.62 during trading on Friday, hitting $52.69. 22,122 shares of the company were exchanged, compared to its average volume of 864,087. 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 company has a market capitalization of $5.32 billion, a P/E ratio of 24.18 and a beta of 0.99. ACI Worldwide has a 52 week low of $38.05 and a 52 week high of $61.08. The business’s 50 day moving average is $51.58 and its 200 day moving average is $48.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its holdings in ACI Worldwide by 8.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock worth $124,000 after acquiring an additional 230 shares during the period. Essential Partners LLC grew its position in shares of ACI Worldwide by 80.3% during the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares in the last quarter. Allworth Financial LP boosted its stake in ACI Worldwide by 50.8% during the second quarter. Allworth Financial LP now owns 1,163 shares of the technology company’s stock valued at $58,000 after buying an additional 392 shares during the period. EverSource Wealth Advisors LLC grew its position in ACI Worldwide by 47.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company’s stock worth $57,000 after buying an additional 444 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in ACI Worldwide by 138.5% in the 2nd quarter. IFP Advisors Inc now owns 1,121 shares of the technology company’s stock worth $56,000 after acquiring an additional 651 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

ACI Worldwide Company Profile

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI’s software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.