DA Davidson Raises ACI Worldwide (NASDAQ:ACIW) Price Target to $42.00

ACI Worldwide (NASDAQ:ACIW) had its price objective upped by DA Davidson from $36.00 to $42.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. TheStreet upgraded shares of ACI Worldwide from a c rating to a b- rating in a report on Thursday, January 4th. Craig Hallum upped their price objective on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a buy rating in a report on Wednesday. Needham & Company LLC reiterated a hold rating on shares of ACI Worldwide in a report on Wednesday. Canaccord Genuity Group restated a buy rating and set a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. Finally, Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a report on Friday, March 8th. They set a buy rating and a $38.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $40.00.

ACI Worldwide Trading Up 0.7 %

NASDAQ ACIW opened at $34.35 on Wednesday. The company has a market capitalization of $3.65 billion, a PE ratio of 25.63 and a beta of 1.20. ACI Worldwide has a 1-year low of $19.56 and a 1-year high of $36.37. The firm’s fifty day simple moving average is $32.15 and its 200-day simple moving average is $29.21. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $476.43 million. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. ACI Worldwide’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, sell-side analysts anticipate that ACI Worldwide will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in shares of ACI Worldwide by 1.8% in the fourth quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock valued at $731,000 after buying an additional 412 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after buying an additional 444 shares during the period. Arizona State Retirement System lifted its stake in shares of ACI Worldwide by 1.6% in the third quarter. Arizona State Retirement System now owns 30,842 shares of the technology company’s stock valued at $696,000 after buying an additional 476 shares during the period. Covestor Ltd lifted its stake in shares of ACI Worldwide by 136.6% in the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after buying an additional 818 shares during the period. Finally, Strs Ohio lifted its stake in shares of ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after buying an additional 1,000 shares during the period. Institutional investors own 94.74% of the company’s stock.

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.