ACI Worldwide (NASDAQ:ACIW) Reaches New 1-Year High at $36.37

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) hit a new 52-week high on Tuesday . The stock traded as high as $36.37 and last traded at $35.49, with a volume of 194244 shares trading hands. The stock had previously closed at $33.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACIW shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Wednesday. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. Craig Hallum raised their price objective on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, DA Davidson upped their target price on ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

ACI Worldwide Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market cap of $3.65 billion, a P/E ratio of 25.63 and a beta of 1.20. The firm’s 50-day moving average price is $32.15 and its 200 day moving average price is $29.21.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. During the same quarter last year, the business posted $0.95 EPS. ACI Worldwide’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that ACI Worldwide, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of ACI Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of ACIW. SG Americas Securities LLC grew its position in shares of ACI Worldwide by 812.5% during the 3rd quarter. SG Americas Securities LLC now owns 39,859 shares of the technology company’s stock valued at $899,000 after buying an additional 35,491 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of ACI Worldwide by 28.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock worth $481,000 after purchasing an additional 4,737 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in shares of ACI Worldwide by 15.9% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 101,727 shares of the technology company’s stock worth $2,295,000 after purchasing an additional 13,979 shares during the last quarter. Reinhart Partners LLC. boosted its position in ACI Worldwide by 5.8% during the 3rd quarter. Reinhart Partners LLC. now owns 2,062,364 shares of the technology company’s stock valued at $46,527,000 after purchasing an additional 112,871 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ACI Worldwide by 15.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,701 shares of the technology company’s stock worth $444,000 after buying an additional 2,598 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Company Profile

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.