ACI Worldwide (NASDAQ:ACIW) PT Raised to $57.00

ACI Worldwide (NASDAQ:ACIW) had its target price increased by equities research analysts at DA Davidson from $52.00 to $57.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 7.81% from the company’s previous close.

ACIW has been the subject of several other research reports. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Canaccord Genuity Group raised their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $52.87 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. ACI Worldwide has a fifty-two week low of $19.56 and a fifty-two week high of $53.29. The stock’s 50-day moving average is $49.26 and its two-hundred day moving average is $41.25. The firm has a market cap of $5.57 billion, a P/E ratio of 39.46 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The business had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. Analysts predict that ACI Worldwide will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in ACI Worldwide in the 3rd quarter valued at $112,000. One Wealth Advisors LLC boosted its position in shares of ACI Worldwide by 31.2% during the third quarter. One Wealth Advisors LLC now owns 7,335 shares of the technology company’s stock worth $373,000 after buying an additional 1,743 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of ACI Worldwide during the third quarter worth about $235,000. Swedbank AB boosted its position in shares of ACI Worldwide by 3.5% during the third quarter. Swedbank AB now owns 340,200 shares of the technology company’s stock worth $17,316,000 after buying an additional 11,600 shares during the period. Finally, Creative Planning boosted its position in shares of ACI Worldwide by 35.0% during the third quarter. Creative Planning now owns 35,097 shares of the technology company’s stock worth $1,786,000 after buying an additional 9,091 shares during the period. 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.