ACI Worldwide, Inc. (NASDAQ:ACIW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $48.75.

Several equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson increased their price objective on ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group increased their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

ACI Worldwide Trading Up 1.3 %

Shares of NASDAQ ACIW opened at $50.15 on Tuesday. ACI Worldwide has a 12 month low of $23.90 and a 12 month high of $53.29. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 29.67 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $49.80 and a 200-day simple moving average of $42.77.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of ACI Worldwide by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after acquiring an additional 196,099 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after acquiring an additional 743,595 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of ACI Worldwide by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock valued at $90,576,000 after acquiring an additional 18,229 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of ACI Worldwide by 9.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after acquiring an additional 180,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ACI Worldwide by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock valued at $37,608,000 after acquiring an additional 56,113 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

About ACI Worldwide

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.