ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $60.00 Consensus PT from Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $60.00.

ACIW has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th.

ACI Worldwide Stock Up 1.2%

NASDAQ:ACIW opened at $47.08 on Monday. ACI Worldwide has a twelve month low of $40.45 and a twelve month high of $58.14. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 18.98 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $49.14 and its two-hundred day moving average price is $47.56.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Equities research analysts expect that ACI Worldwide will post 2 earnings per share for the current fiscal year.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of ACI Worldwide by 79.6% during the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after buying an additional 4,280,684 shares during the last quarter. Millennium Management LLC lifted its stake in ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after acquiring an additional 1,284,419 shares in the last quarter. Norges Bank purchased a new position in ACI Worldwide during the 2nd quarter worth $47,641,000. Ameriprise Financial Inc. boosted its holdings in ACI Worldwide by 132.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock worth $85,986,000 after acquiring an additional 896,564 shares during the last quarter. Finally, London Co. of Virginia grew its stake in shares of ACI Worldwide by 91.0% in the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after acquiring an additional 825,671 shares in the last quarter. 94.74% of the stock is currently 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.