ACI Worldwide (NASDAQ:ACIW) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a hold rating in a research report report published on Saturday.

ACIW has been the topic of a number of other research reports. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, DA Davidson set a $66.00 price objective on ACI Worldwide and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.00.

ACI Worldwide Stock Down 1.5%

ACIW stock opened at $52.85 on Friday. The stock’s 50 day simple moving average is $51.53 and its 200 day simple moving average is $45.26. The company has a market cap of $5.37 billion, a P/E ratio of 24.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. ACI Worldwide has a fifty-two week low of $38.05 and a fifty-two week high of $61.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after buying an additional 372 shares during the last quarter. Allworth Financial LP increased its position in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the period. Essential Partners LLC raised its position in ACI Worldwide by 80.3% during the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of ACI Worldwide during the fourth quarter valued at approximately $37,000. Finally, State of Wyoming bought a new position in ACI Worldwide in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About ACI Worldwide

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.