ACI Worldwide, Inc. (ACIW) Cut to Hold at BidaskClub

ACI Worldwide, Inc. (NASDAQ:ACIW) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, July 4th.

Several other research firms also recently weighed in on ACIW. Zacks Investment Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 31st. TheStreet upgraded ACI Worldwide from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Finally, ValuEngine upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.33.

Shares of ACI Worldwide (NASDAQ:ACIW) traded down 3.91% during mid-day trading on Tuesday, hitting $23.10. The company’s stock had a trading volume of 499,037 shares. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 104.52 and a beta of 1.31. ACI Worldwide has a 52-week low of $15.11 and a 52-week high of $24.65. The stock’s 50 day moving average price is $23.08 and its 200 day moving average price is $21.71.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. The company had revenue of $240.60 million for the quarter, compared to the consensus estimate of $225.87 million. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. ACI Worldwide’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) earnings per share. Equities analysts forecast that ACI Worldwide will post $0.48 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Comerica Bank boosted its stake in shares of ACI Worldwide by 6.0% in the fourth quarter. Comerica Bank now owns 86,567 shares of the technology company’s stock valued at $1,653,000 after buying an additional 4,937 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ACI Worldwide by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,697,951 shares of the technology company’s stock valued at $48,969,000 after buying an additional 40,778 shares during the period. Brown Advisory Inc. boosted its stake in shares of ACI Worldwide by 15.9% in the fourth quarter. Brown Advisory Inc. now owns 14,166 shares of the technology company’s stock valued at $257,000 after buying an additional 1,941 shares during the period. Menta Capital LLC purchased a new stake in shares of ACI Worldwide during the fourth quarter valued at about $289,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of ACI Worldwide during the fourth quarter valued at about $552,000.

About ACI Worldwide

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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