ACI Worldwide (NASDAQ:ACIW) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, DA Davidson set a $66.00 target price on shares of ACI Worldwide and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.00.

ACI Worldwide Stock Up 0.6%

Shares of ACI Worldwide stock opened at $51.86 on Thursday. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $61.08. The firm has a market capitalization of $5.24 billion, a PE ratio of 23.79 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $53.18 and its 200-day moving average is $45.80.

Institutional Trading of ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. AXQ Capital LP purchased a new position in shares of ACI Worldwide during the second quarter valued at $977,000. Nykredit A S purchased a new stake in ACI Worldwide in the 2nd quarter worth about $169,000. Susquehanna Fundamental Investments LLC purchased a new stake in ACI Worldwide in the 2nd quarter worth about $6,810,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ACI Worldwide by 2.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,748 shares of the technology company’s stock valued at $13,264,000 after acquiring an additional 5,051 shares in the last quarter. Finally, North Star Asset Management Inc. acquired a new position in shares of ACI Worldwide in the 2nd quarter valued at about $29,129,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Company Profile

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.