ACI Worldwide’s (ACIW) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of ACI Worldwide (NASDAQ:ACIW) in a research report released on Wednesday, Benzinga reports.

A number of other equities analysts have also issued reports on ACIW. Canaccord Genuity Group reaffirmed a buy rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. DA Davidson reissued a buy rating and issued a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. TheStreet raised shares of ACI Worldwide from a c rating to a b- rating in a research report on Thursday, January 4th. Finally, Jefferies Financial Group began coverage on ACI Worldwide in a research note on Friday, March 8th. They set a buy rating and a $38.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $40.00.

ACI Worldwide Price Performance

ACIW stock opened at $35.12 on Wednesday. The firm has a market cap of $3.73 billion, a P/E ratio of 26.21 and a beta of 1.20. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.37. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $36.37. The stock has a 50-day simple moving average of $32.41 and a 200-day simple moving average of $29.44.

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

Institutional Investors Weigh In On ACI Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in shares of ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after purchasing an additional 818 shares in the last quarter. Strs Ohio boosted its holdings in ACI Worldwide by 142.9% during the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after buying an additional 1,000 shares in the last quarter. SkyView Investment Advisors LLC grew its position in ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after buying an additional 444 shares during the last quarter. Assetmark Inc. increased its holdings in shares of ACI Worldwide by 18.2% in the third quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock valued at $276,000 after buying an additional 1,885 shares in the last quarter. Finally, Watershed Asset Management L.L.C. bought a new position in shares of ACI Worldwide in the fourth quarter valued at $296,000. 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.