ACI Worldwide Inc (ACIW) Lifted to “B” at TheStreet

TheStreet upgraded shares of ACI Worldwide Inc (NASDAQ:ACIW) from a c+ rating to a b rating in a research report sent to investors on Thursday.

ACIW has been the topic of a number of other research reports. Avondale Partners lowered shares of ACI Worldwide from a market outperform rating to a market perform rating in a research report on Friday, March 3rd. Zacks Investment Research upgraded shares of ACI Worldwide from a sell rating to a hold rating in a research report on Wednesday, March 15th. Finally, Raymond James Financial, Inc. upgraded shares of ACI Worldwide from an underperform rating to an outperform rating and set a $25.00 target price on the stock in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $23.67.

ACI Worldwide (NASDAQ:ACIW) opened at 22.45 on Thursday. The company has a 50-day moving average price of $20.49 and a 200 day moving average price of $19.23. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 20.60 and a beta of 1.48. ACI Worldwide has a 12-month low of $15.11 and a 12-month high of $22.95.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, March 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The firm had revenue of $343 million for the quarter, compared to analyst estimates of $312.20 million. During the same quarter last year, the business earned $0.40 earnings per share. ACI Worldwide’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that ACI Worldwide will post $0.44 EPS for the current year.

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In other ACI Worldwide news, Director John M. Shay, Jr. sold 30,000 shares of ACI Worldwide stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $22.00, for a total value of $660,000.00. Following the transaction, the director now owns 80,829 shares in the company, valued at approximately $1,778,238. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.10% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. State Treasurer State of Michigan raised its position in shares of ACI Worldwide by 0.9% in the third quarter. State Treasurer State of Michigan now owns 47,150 shares of the company’s stock worth $914,000 after buying an additional 400 shares during the period. LS Investment Advisors LLC raised its position in shares of ACI Worldwide by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,399 shares of the company’s stock worth $143,000 after buying an additional 400 shares during the period. Retirement Systems of Alabama raised its position in shares of ACI Worldwide by 0.4% in the third quarter. Retirement Systems of Alabama now owns 150,993 shares of the company’s stock worth $2,926,000 after buying an additional 560 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of ACI Worldwide by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 52,370 shares of the company’s stock worth $1,015,000 after buying an additional 760 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of ACI Worldwide by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 40,402 shares of the company’s stock worth $783,000 after buying an additional 804 shares during the period. Institutional investors own 99.96% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

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