ACI Worldwide (NASDAQ:ACIW) Raised to Buy at Wall Street Zen

ACI Worldwide (NASDAQ:ACIW) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also recently commented on the company. DA Davidson boosted their target price on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.00.

ACI Worldwide Stock Performance

Shares of ACIW opened at $56.31 on Friday. The stock’s 50-day simple moving average is $48.43 and its 200 day simple moving average is $44.33. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 28.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide has a 52-week low of $38.05 and a 52-week high of $60.17.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The company had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. Research analysts forecast that ACI Worldwide will post 2.69 EPS for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the period. Essential Partners LLC grew its stake in shares of ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of ACI Worldwide in the fourth quarter worth about $37,000. Finally, State of Wyoming purchased a new position in ACI Worldwide during the 2nd quarter valued at about $37,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.