ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Has Consensus Target Price of $61.00 According to Analysts

ACI Worldwide, Inc. (NASDAQ:ACIW) has received an average rating of “Moderate Buy” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $61.00.

A number of equities analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Stephens initiated coverage on shares of ACI Worldwide in a research note on Friday. They set an “equal weight” rating and a $56.00 target price for the company.

ACI Worldwide Stock Down 0.4%

Shares of ACIW stock traded down $0.23 during trading hours on Friday, reaching $52.32. The company had a trading volume of 26,532 shares, compared to its average volume of 859,848. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $61.08. The company has a market capitalization of $5.28 billion, a P/E ratio of 24.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s fifty day simple moving average is $51.58 and its 200 day simple moving average is $48.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in ACI Worldwide during the 2nd quarter worth about $823,821,000. Dimensional Fund Advisors LP increased its holdings in shares of ACI Worldwide by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock worth $115,364,000 after acquiring an additional 344,358 shares in the last quarter. Reinhart Partners LLC. lifted its stake in ACI Worldwide by 8.5% in the second quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock valued at $121,916,000 after buying an additional 189,433 shares in the last quarter. North Reef Capital Management LP boosted its stake in ACI Worldwide by 13.2% in the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company’s stock worth $91,452,000 after purchasing an additional 260,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of ACI Worldwide by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,769,112 shares of the technology company’s stock worth $72,551,000 after buying an additional 86,964 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI’s software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.