ACI Worldwide, Inc. (NASDAQ:ACIW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $47.50.

ACIW has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group lifted their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. DA Davidson increased their price objective on ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after buying an additional 431 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of ACI Worldwide by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after purchasing an additional 469 shares during the period. EntryPoint Capital LLC increased its holdings in ACI Worldwide by 7.3% in the 1st quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock valued at $234,000 after purchasing an additional 478 shares during the last quarter. Swiss National Bank raised its position in ACI Worldwide by 0.3% in the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock valued at $7,127,000 after purchasing an additional 600 shares during the period. Finally, Fifth Third Bancorp lifted its stake in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.8 %

Shares of ACIW opened at $50.33 on Monday. The firm has a market cap of $5.27 billion, a P/E ratio of 37.51 and a beta of 1.19. ACI Worldwide has a 12 month low of $19.56 and a 12 month high of $50.80. The stock’s 50 day moving average is $46.22 and its two-hundred day moving average is $38.69. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The firm had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Analysts predict that ACI Worldwide will post 1.96 earnings per share for the current fiscal year.

ACI Worldwide declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 13th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.