ACI Worldwide (NASDAQ:ACIW) PT Raised to $40.00

ACI Worldwide (NASDAQ:ACIW) had its price objective boosted by stock analysts at Craig Hallum from $38.00 to $40.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Craig Hallum’s target price points to a potential upside of 17.37% from the stock’s current price.

Several other analysts have also issued reports on ACIW. DA Davidson restated 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 reiterated a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a report on Friday, March 8th. They set a “buy” rating and a $38.00 target price for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

ACI Worldwide Trading Down 0.1 %

NASDAQ ACIW traded down $0.02 during trading on Wednesday, hitting $34.08. 369,965 shares of the company’s stock traded hands, compared to its average volume of 583,444. The stock has a fifty day moving average of $32.15 and a two-hundred day moving average of $29.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $36.37. The firm has a market cap of $3.62 billion, a P/E ratio of 30.68 and a beta of 1.24.

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

Hedge Funds Weigh In On ACI Worldwide

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in ACI Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after buying an additional 389,424 shares in the last quarter. State of Alaska Department of Revenue raised its stake in ACI Worldwide by 414.3% in the fourth 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 in the last quarter. Reinhart Partners LLC. raised its stake in ACI Worldwide by 9.9% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in ACI Worldwide by 0.9% in the third 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 in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of ACI Worldwide by 28.5% during the third quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock valued at $481,000 after purchasing an additional 4,737 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

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.