ACI Worldwide (NASDAQ:ACIW) Upgraded at StockNews.com

StockNews.com upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a buy rating in a report issued on Friday morning.

Several other equities research analysts also recently commented on the stock. Craig Hallum lifted their price objective on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. DA Davidson boosted their target price on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC restated a hold rating on shares of ACI Worldwide in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $40.00.

ACI Worldwide Trading Up 0.4 %

NASDAQ:ACIW opened at $43.15 on Friday. ACI Worldwide has a 12 month low of $19.56 and a 12 month high of $43.81. The firm has a fifty day simple moving average of $38.03 and a 200-day simple moving average of $34.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $4.55 billion, a P/E ratio of 32.20 and a beta of 1.20.

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

Insiders Place Their Bets

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

Institutional Trading of ACI Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of ACIW. Fifth Third Bancorp grew its stake in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC grew its stake in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares in the last quarter. CWM LLC grew its stake in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares in the last quarter. Innealta Capital LLC purchased a new stake in ACI Worldwide during the 2nd quarter valued at about $154,000. Finally, Strs Ohio grew its stake in ACI Worldwide by 205.9% during the 4th quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock valued at $159,000 after acquiring an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

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.