ACI Worldwide (NASDAQ:ACIW) Rating Increased to Hold at Zacks Research

ACI Worldwide (NASDAQ:ACIW) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on ACIW. Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Trading Down 2.9%

Shares of ACIW stock opened at $43.71 on Monday. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $54.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $42.31 and its 200-day moving average price is $43.58. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 21.96 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that ACI Worldwide will post 2.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares in the last quarter. Farther Finance Advisors LLC grew its position in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares in the last quarter. Bessemer Group Inc. grew its position in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares in the last quarter. Essential Partners LLC grew its position in ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after acquiring an additional 327 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in ACI Worldwide in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.