ACI Worldwide (NASDAQ:ACIW) Rating Lowered to Neutral at DA Davidson

ACI Worldwide (NASDAQ:ACIW) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report released on Friday,Briefing.com Automated Import reports. They currently have a $60.00 target price on the technology company’s stock, up from their previous target price of $57.00. DA Davidson’s target price indicates a potential upside of 1.35% from the company’s previous close.

A number of other analysts have also commented on ACIW. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Canaccord Genuity Group lifted their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

ACI Worldwide Stock Up 8.8 %

Shares of NASDAQ ACIW opened at $59.20 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. ACI Worldwide has a 52 week low of $24.32 and a 52 week high of $59.60. The stock has a market capitalization of $6.20 billion, a P/E ratio of 35.03 and a beta of 1.19. The stock’s fifty day moving average is $50.16 and its 200 day moving average is $43.23.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.37. The business had revenue of $451.75 million for the quarter, compared to analyst estimates of $404.80 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. Sell-side analysts forecast that ACI Worldwide will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ACIW. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares during the period. Fifth Third Bancorp increased its stake in ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC increased its stake in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC increased its stake in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in ACI Worldwide in the 3rd quarter worth about $112,000. Hedge funds and other 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.