ACI Worldwide (NASDAQ:ACIW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a buy rating in a report published on Saturday.

Several other research analysts have also recently issued reports on ACIW. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, DA Davidson lifted their target price on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of “Hold” and a consensus price target of $64.00.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $57.88 on Friday. The company has a 50-day moving average of $48.73 and a 200-day moving average of $44.42. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 29.09 and a beta of 0.98. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $60.17.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that ACI Worldwide will post 2.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACIW. Farther Finance Advisors LLC lifted its position in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares in the last quarter. Allworth Financial LP grew its position in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. Essential Partners LLC grew its position in ACI Worldwide by 80.3% during the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in ACI Worldwide during the 4th quarter valued at $37,000. Finally, State of Wyoming purchased a new stake in shares of ACI Worldwide in the second quarter valued at $37,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.