ACI Worldwide (NASDAQ:ACIW) Reaches New 12-Month High at $33.56

ACI Worldwide, Inc. (NASDAQ:ACIWGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $33.56 and last traded at $33.36, with a volume of 16466 shares traded. The stock had previously closed at $33.21.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACIW. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 target price on the stock. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Read Our Latest Research Report on ACI Worldwide

ACI Worldwide Trading Down 0.2 %

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 29.14 and a beta of 1.24. The business’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $27.72.

ACI Worldwide (NASDAQ:ACIWGet Free Report) last announced its earnings results 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 business had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, equities analysts predict that ACI Worldwide, Inc. will post 1.91 EPS for the current year.

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its position in ACI Worldwide by 136.6% in the 3rd 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 last quarter. Strs Ohio boosted its position in shares of ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV purchased a new stake in shares of ACI Worldwide during the 4th quarter worth $79,000. FMR LLC boosted its position in shares of ACI Worldwide by 26.2% during the 1st quarter. FMR LLC now owns 3,312 shares of the technology company’s stock worth $89,000 after purchasing an additional 688 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,106 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.