ACI Worldwide (NASDAQ:ACIW) Stock Rating Reaffirmed by Needham & Company LLC

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

Several other analysts have also issued reports on ACIW. Canaccord Genuity Group raised their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Craig Hallum raised their price objective on ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, DA Davidson boosted their price objective on ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $45.75 on Friday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 34.14 and a beta of 1.20. The business has a 50 day moving average price of $38.30 and a 200 day moving average price of $34.39. The company has a quick ratio of 1.37, 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 $48.80.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The company had revenue of $316.02 million during the quarter, compared to analysts’ expectations of $305.25 million. Research analysts predict that ACI Worldwide will post 1.9 earnings per share for the current year.

Insider Buying and Selling at ACI Worldwide

In other news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the transaction, the director now owns 69,912 shares in the company, valued at $2,483,274.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Hale III sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the sale, the director now owns 79,912 shares in the company, valued at $2,935,966.88. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACIW. GSA Capital Partners LLP acquired a new stake in shares of ACI Worldwide in the 1st quarter valued at $846,000. CANADA LIFE ASSURANCE Co boosted its holdings in ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after acquiring an additional 22,992 shares during the last quarter. ClariVest Asset Management LLC increased its position in ACI Worldwide by 140.3% in the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after purchasing an additional 36,261 shares during the period. State of Alaska Department of Revenue raised its holdings in 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 purchasing an additional 53,882 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in ACI Worldwide during the 4th quarter valued at about $1,209,000. Institutional investors and hedge funds 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.