ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year High at $36.37

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) hit a new 52-week high on Tuesday . The stock traded as high as $36.37 and last traded at $35.49, with a volume of 194244 shares traded. The stock had previously closed at $33.10.

Analyst Ratings Changes

Several research analysts recently issued reports on ACIW shares. DA Davidson reiterated a “buy” rating and issued a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. Finally, Jefferies Financial Group began coverage on shares of ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of “Moderate Buy” and an average price target of $39.00.

ACI Worldwide Trading Up 3.2 %

The stock has a 50-day moving average of $32.08 and a 200 day moving average of $29.11. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.63 billion, a PE ratio of 32.25 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACIW. WCM Investment Management LLC raised its position in shares of ACI Worldwide by 0.3% in the first quarter. WCM Investment Management LLC now owns 475,295 shares of the technology company’s stock worth $15,785,000 after acquiring an additional 1,427 shares during the period. New Mexico Educational Retirement Board purchased a new position in shares of ACI Worldwide in the 1st quarter valued at about $765,000. Raymond James & Associates raised its holdings in ACI Worldwide by 7.3% in the 1st quarter. Raymond James & Associates now owns 210,131 shares of the technology company’s stock worth $6,978,000 after purchasing an additional 14,319 shares during the period. NBC Securities Inc. boosted its position in ACI Worldwide by 2.9% during the first quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock worth $816,000 after purchasing an additional 689 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in ACI Worldwide by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after purchasing an additional 1,228,384 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.