ACI Worldwide (NASDAQ: ACIW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm currently has a $51.00 target price on the stock.
Shares of ACI Worldwide (NASDAQ: ACIW) traded down 1.43% during mid-day trading on Monday, hitting $47.68. ACI Worldwide has a 52 week low of $36.51 and a 52 week high of $48.68. The stock’s 50-day moving average is currently $47.19. The company has a market cap of $1.881 billion and a P/E ratio of 39.65.
ACI Worldwide (NASDAQ: ACIW) last posted its quarterly earnings results on Thursday, February 28th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.16. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $240.43 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 65.9% on a year-over-year basis. Analysts expect that ACI Worldwide will post $2.47 EPS for the current fiscal year.
Separately, analysts at Raymond James downgraded shares of ACI Worldwide from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, February 5th. They now have a $45.00 price target on the stock.
One equities research analyst has rated the stock with a buy rating, five have assigned a hold rating, and one has issued a sell rating to the stock. ACI Worldwide currently has an average rating of “hold” and an average price target of $50.50.
ACI Worldwide, Inc. (ACI) develops markets, installs and supports a range of software products and services focused on facilitating electronic payments.
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