ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.21 and last traded at $50.17, with a volume of 207018 shares. The stock had previously closed at $49.67.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, DA Davidson lifted their price objective on shares of ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.50.
Get Our Latest Report on ACI Worldwide
ACI Worldwide Stock Up 1.4 %
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The business had revenue of $373.48 million during 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%. On average, analysts predict that ACI Worldwide, Inc. will post 1.95 earnings per share for the current year.
Institutional Trading of ACI Worldwide
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. increased its stake in shares of ACI Worldwide by 1.8% during the fourth quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock worth $731,000 after purchasing an additional 412 shares in the last quarter. GAMMA Investing LLC boosted its position 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 acquiring an additional 431 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after acquiring an additional 469 shares during the last quarter. EntryPoint Capital LLC boosted its position in ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after acquiring an additional 478 shares during the last quarter. Finally, Swiss National Bank boosted its position in ACI Worldwide by 0.3% during the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock worth $7,127,000 after acquiring an additional 600 shares during the last quarter. 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.
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