ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year High – What’s Next?

ACI Worldwide, Inc. (NASDAQ:ACIW) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.04 and last traded at $55.62, with a volume of 1056686 shares changing hands. The stock had previously closed at $55.93.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Price Performance

The stock has a 50-day moving average price of $45.00 and a two-hundred day moving average price of $43.59. 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 has a market cap of $5.65 billion, a price-to-earnings ratio of 27.95 and a beta of 0.98.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

Institutional Trading of ACI Worldwide

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 23.5% in the second quarter. GAMMA Investing LLC now owns 6,536 shares of the technology company’s stock worth $329,000 after buying an additional 1,245 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of ACI Worldwide by 109.7% during the second quarter. Versant Capital Management Inc now owns 1,938 shares of the technology company’s stock valued at $97,000 after buying an additional 1,014 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of ACI Worldwide by 8.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after acquiring an additional 230 shares during the period. NewEdge Advisors LLC raised its stake in ACI Worldwide by 2,433.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,967 shares of the technology company’s stock worth $368,000 after acquiring an additional 8,613 shares during the last quarter. Finally, Essential Partners LLC raised its stake in ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after acquiring an additional 327 shares during the last quarter. 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.