ACI Worldwide’s (ACIW) “Hold” Rating Reaffirmed at Needham & Company LLC

ACI Worldwide (NASDAQ:ACIW)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a research report issued on Wednesday, Benzinga reports.

ACIW has been the subject of a number of other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, ACI Worldwide currently has an average rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Price Performance

Shares of ACIW opened at $34.10 on Wednesday. The company has a market capitalization of $3.62 billion, a P/E ratio of 30.72 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $32.08 and a 200 day moving average of $29.11. ACI Worldwide has a twelve month low of $19.56 and a twelve month high of $36.37.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share 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 company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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 modified their holdings of the business. Covestor Ltd boosted its stake in shares of ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after acquiring an additional 818 shares during the last quarter. Strs Ohio lifted its stake in shares of ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after buying an additional 1,000 shares in the last quarter. Watershed Asset Management L.L.C. purchased a new position in shares of ACI Worldwide during the 4th quarter valued at $296,000. SkyView Investment Advisors LLC lifted its stake in shares of ACI Worldwide by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after buying an additional 444 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of ACI Worldwide by 18.2% during the 3rd quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock valued at $276,000 after buying an additional 1,885 shares in the last quarter. Hedge funds and other 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.