Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Target Price at $39.00

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given an average rating of “Buy” by the four ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $39.00.

Several equities analysts have recently weighed in on ACIW shares. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a report on Friday, March 15th. Finally, TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $32.77 on Friday. The company’s 50-day moving average price is $31.96 and its 200-day moving average price is $28.80. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.48 billion, a P/E ratio of 29.52 and a beta of 1.24. ACI Worldwide has a twelve month low of $19.56 and a twelve month high of $33.83.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. On average, sell-side analysts forecast that ACI Worldwide will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in ACI Worldwide by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after acquiring an additional 389,424 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of ACI Worldwide by 414.3% during the 4th quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company’s stock worth $2,046,000 after buying an additional 53,882 shares during the last quarter. Reinhart Partners LLC. lifted its position in shares of ACI Worldwide by 9.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after buying an additional 203,348 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of ACI Worldwide by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock worth $58,485,000 after buying an additional 24,272 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of ACI Worldwide by 28.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock worth $481,000 after buying an additional 4,737 shares during the last quarter. Institutional investors and hedge funds 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.