ACI Worldwide (NASDAQ:ACIW) PT Raised to $42.00 at DA Davidson

ACI Worldwide (NASDAQ:ACIW) had its price target boosted by DA Davidson from $36.00 to $42.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded ACI Worldwide from a c rating to a b- rating in a research note on Thursday, January 4th. Canaccord Genuity Group restated a buy rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. Craig Hallum lifted their price target on ACI Worldwide from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday. Needham & Company LLC reiterated a hold rating on shares of ACI Worldwide in a research report on Wednesday. Finally, Jefferies Financial Group assumed coverage on ACI Worldwide in a research report on Friday, March 8th. They issued a buy rating and a $38.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $40.00.

ACI Worldwide Stock Performance

ACIW stock opened at $35.12 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. ACI Worldwide has a twelve month low of $19.56 and a twelve month high of $36.37. The business’s fifty day moving average is $32.41 and its 200-day moving average is $29.44. The company has a market cap of $3.73 billion, a P/E ratio of 26.21 and a beta of 1.20.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The business had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $476.43 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. ACI Worldwide’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Equities research analysts forecast that ACI Worldwide will post 1.83 EPS for the current year.

Institutional Investors Weigh In On ACI Worldwide

Large investors have recently bought and sold shares of the stock. NBC Securities Inc. raised its stake in ACI Worldwide by 1.8% during the 4th quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock worth $731,000 after buying an additional 412 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of ACI Worldwide by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after acquiring an additional 444 shares in the last quarter. Arizona State Retirement System raised its position in shares of ACI Worldwide by 1.6% during the third quarter. Arizona State Retirement System now owns 30,842 shares of the technology company’s stock worth $696,000 after purchasing an additional 476 shares during the period. Covestor Ltd lifted its holdings in shares of ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares in the last quarter. Finally, Strs Ohio grew its position in ACI Worldwide by 142.9% in the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. 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.