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

ACI Worldwide (NASDAQ:ACIW) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Thursday.

A number of other analysts have also weighed in on ACIW. BidaskClub upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Finally, Credit Suisse Group raised their price objective on shares of ACI Worldwide from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ACI Worldwide presently has a consensus rating of “Buy” and a consensus price target of $30.00.

Shares of NASDAQ:ACIW traded down $1.17 on Thursday, hitting $27.16. The company had a trading volume of 703,869 shares, compared to its average volume of 669,544. ACI Worldwide has a 1 year low of $20.23 and a 1 year high of $30.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.71 and a beta of 1.28.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.19. ACI Worldwide had a net margin of 1.42% and a return on equity of 7.42%. The company had revenue of $245.50 million during the quarter, compared to analysts’ expectations of $232.31 million. During the same period last year, the company posted ($0.08) EPS. ACI Worldwide’s revenue was up 8.8% on a year-over-year basis. Equities analysts forecast that ACI Worldwide will post 0.87 EPS for the current fiscal year.

In other ACI Worldwide news, CEO Philip G. Heasley sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $29.79, for a total transaction of $2,979,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,302,228 shares in the company, valued at approximately $38,793,372.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.42% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of ACI Worldwide by 1.4% in the third quarter. BlackRock Inc. now owns 13,226,443 shares of the technology company’s stock worth $372,190,000 after acquiring an additional 185,319 shares during the period. Vanguard Group Inc. grew its position in ACI Worldwide by 2.0% during the third quarter. Vanguard Group Inc. now owns 10,425,950 shares of the technology company’s stock valued at $293,387,000 after buying an additional 204,347 shares during the period. Dimensional Fund Advisors LP grew its position in ACI Worldwide by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,064,281 shares of the technology company’s stock valued at $75,596,000 after buying an additional 88,855 shares during the period. Conestoga Capital Advisors LLC grew its position in ACI Worldwide by 13.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,510,262 shares of the technology company’s stock valued at $70,639,000 after buying an additional 307,240 shares during the period. Finally, Janus Henderson Group PLC grew its position in ACI Worldwide by 22.0% during the third quarter. Janus Henderson Group PLC now owns 2,382,590 shares of the technology company’s stock valued at $67,046,000 after buying an additional 430,312 shares during the period.

ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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