ValuEngine Upgrades ACI Worldwide (ACIW) to Buy

ValuEngine upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a buy rating in a report released on Tuesday morning.

ACIW has been the subject of several other research reports. Zacks Investment Research raised shares of ACI Worldwide from a sell rating to a hold rating in a report on Monday, February 19th. BidaskClub downgraded shares of ACI Worldwide from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, TheStreet raised shares of ACI Worldwide from a c+ rating to a b rating in a report on Monday, March 12th. Four research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of $27.00.

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ACIW stock opened at $24.15 on Tuesday. The stock has a market capitalization of $2,759.70, a P/E ratio of 30.14, a P/E/G ratio of 3.03 and a beta of 1.13. ACI Worldwide has a fifty-two week low of $20.23 and a fifty-two week high of $26.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.31.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.21. The business had revenue of $326.40 million during the quarter, compared to the consensus estimate of $322.12 million. ACI Worldwide had a net margin of 0.50% and a return on equity of 12.04%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. analysts anticipate that ACI Worldwide will post 0.66 EPS for the current fiscal year.

In other ACI Worldwide news, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $23.73, for a total value of $949,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jan Suwinski sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $24.09, for a total transaction of $722,700.00. Following the completion of the sale, the director now owns 166,896 shares in the company, valued at $4,020,524.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,781 shares of company stock worth $3,256,858. 4.20% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ACI Worldwide by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,352 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in ACI Worldwide in the fourth quarter worth about $159,000. Shelton Capital Management bought a new stake in ACI Worldwide in the third quarter worth about $201,000. Neuberger Berman Group LLC bought a new stake in ACI Worldwide in the third quarter worth about $211,000. Finally, Jane Street Group LLC acquired a new stake in ACI Worldwide during the 3rd quarter worth about $221,000.

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ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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