ACI Worldwide (NASDAQ:ACIW) Downgraded by Stephens to Equal Weight

Stephens cut shares of ACI Worldwide (NASDAQ:ACIW) from an overweight rating to an equal weight rating in a research report sent to investors on Friday, MarketBeat Ratings reports.

A number of other research analysts have also recently issued reports on ACIW. DA Davidson lifted their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Canaccord Genuity Group lifted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Down 2.5 %

Shares of ACIW stock opened at $50.66 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of 37.81 and a beta of 1.19. ACI Worldwide has a one year low of $19.56 and a one year high of $53.29. The stock has a fifty day moving average price of $49.45 and a 200 day moving average price of $41.45. 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 (NASDAQ:ACIW) last issued its earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. The firm had revenue of $373.48 million during the quarter, compared to analysts’ expectations 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 year.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Fifth Third Bancorp increased its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC increased its position in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares during the period. CWM LLC increased its position in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,143 shares during the period. nVerses Capital LLC acquired a new stake in ACI Worldwide in the third quarter worth about $112,000. Finally, USA Financial Formulas acquired a new stake in ACI Worldwide in the third quarter worth about $114,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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.