ACI Worldwide (NASDAQ:ACIW) Stock Rating Lowered by DA Davidson

ACI Worldwide (NASDAQ:ACIW) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Friday, Marketbeat reports. They presently have a $60.00 target price on the technology company’s stock, up from their previous target price of $57.00. DA Davidson’s price target indicates a potential upside of 3.43% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Canaccord Genuity Group lifted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

ACI Worldwide Stock Down 2.0 %

ACIW opened at $58.01 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of 27.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s fifty day moving average price is $50.31 and its two-hundred day moving average price is $43.47. ACI Worldwide has a fifty-two week low of $24.76 and a fifty-two week high of $59.60.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, November 7th. The technology company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.37. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The business had revenue of $451.75 million for the quarter, compared to analysts’ expectations of $404.80 million. On average, analysts anticipate that ACI Worldwide will post 1.96 EPS for the current year.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in shares of ACI Worldwide during the first quarter worth approximately $3,321,000. GSA Capital Partners LLP bought a new position in ACI Worldwide in the 1st quarter worth approximately $846,000. CANADA LIFE ASSURANCE Co lifted its holdings in ACI Worldwide by 26.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after buying an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC boosted its position in ACI Worldwide by 140.3% in the 1st quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock valued at $2,063,000 after buying an additional 36,261 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after buying an additional 180,600 shares during the period. Institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

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.