ACI Worldwide Inc (NASDAQ:ACIW) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Friday, May 5th.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, May 2nd. Avondale Partners downgraded ACI Worldwide from a “market outperform” rating to a “market perform” rating in a research report on Friday, March 3rd. Finally, Raymond James Financial, Inc. upgraded ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Thursday, March 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.33.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up 2.60% during mid-day trading on Friday, reaching $22.53. The company’s stock had a trading volume of 366,601 shares. The company has a 50-day moving average of $21.89 and a 200-day moving average of $20.11. The firm has a market cap of $2.66 billion, a PE ratio of 68.07 and a beta of 1.48. ACI Worldwide has a 12 month low of $15.11 and a 12 month high of $23.97.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, May 4th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The firm had revenue of $231.50 million during the quarter, compared to the consensus estimate of $217.24 million. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. On average, analysts predict that ACI Worldwide will post $0.46 earnings per share for the current year.
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In related news, Director John M. Shay, Jr. sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the sale, the director now owns 80,829 shares of the company’s stock, valued at $1,778,238. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of ACI Worldwide during the fourth quarter worth approximately $9,383,000. NN Investment Partners Holdings N.V. boosted its stake in shares of ACI Worldwide by 9.3% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 55,555 shares of the technology company’s stock worth $1,008,000 after buying an additional 4,710 shares during the period. D.A. Davidson & CO. bought a new position in shares of ACI Worldwide during the third quarter valued at about $3,224,000. P2 Capital Partners LLC boosted its position in shares of ACI Worldwide by 41.8% in the third quarter. P2 Capital Partners LLC now owns 3,875,799 shares of the technology company’s stock valued at $75,113,000 after buying an additional 1,143,287 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of ACI Worldwide during the third quarter valued at about $8,291,000. 99.96% of the stock is owned by hedge funds and other institutional investors.
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. Its 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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