ACI Worldwide (NASDAQ:ACIW) Stock Rating Lowered by Stephens

ACI Worldwide (NASDAQ:ACIW) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, Marketbeat reports.

Several other equities research analysts have also weighed in on ACIW. Canaccord Genuity Group upped their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. DA Davidson upped their price target on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Down 2.5 %

NASDAQ ACIW opened at $50.66 on Friday. ACI Worldwide has a twelve month low of $19.56 and a twelve month high of $53.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $5.34 billion, a PE ratio of 37.81 and a beta of 1.19. The firm has a 50-day simple moving average of $49.45 and a 200 day simple moving average of $41.51.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $373.48 million during the quarter, compared to the consensus estimate of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. On average, research analysts forecast that ACI Worldwide will post 1.96 EPS for the current year.

Institutional Trading of ACI Worldwide

Several large investors have recently made changes to their positions in ACIW. Vanguard Group Inc. lifted its position in ACI Worldwide by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after buying an additional 1,228,384 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ACI Worldwide by 11.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock worth $6,690,000 after purchasing an additional 20,364 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ACI Worldwide by 8.9% in the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock valued at $3,047,000 after purchasing an additional 7,466 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of ACI Worldwide by 40.2% in the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock valued at $383,000 after purchasing an additional 3,307 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in ACI Worldwide during the 1st quarter worth $846,000. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.