BidaskClub upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
Separately, Zacks Investment Research cut shares of ACI Worldwide from a hold rating to a sell rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $26.00.
ACI Worldwide (ACIW) opened at $23.34 on Friday. The company has a market cap of $2,770.00, a price-to-earnings ratio of 72.94, a P/E/G ratio of 3.84 and a beta of 1.24. ACI Worldwide has a one year low of $19.55 and a one year high of $25.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16.
A number of large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ACI Worldwide by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock valued at $140,000 after buying an additional 2,352 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of ACI Worldwide in the 4th quarter valued at $159,000. Shelton Capital Management acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at $201,000. Oakbrook Investments LLC acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at $203,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at $211,000.
WARNING: This piece was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.chaffeybreeze.com/2018/02/19/aci-worldwide-aciw-upgraded-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.