ACI Worldwide (NASDAQ:ACIW) Research Coverage Started at Stephens

Stephens started coverage on shares of ACI Worldwide (NASDAQ:ACIW) in a research note published on Friday. The brokerage issued an equal weight rating and a $56.00 price target on the technology company’s stock.

Other research analysts have also issued reports about the company. Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $66.00 target price on shares of ACI Worldwide in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $52.80 on Friday. The business has a fifty day moving average of $51.56 and a two-hundred day moving average of $48.84. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.33 billion, a P/E ratio of 24.22 and a beta of 0.99. ACI Worldwide has a twelve month low of $38.05 and a twelve month high of $61.08.

Institutional Trading of ACI Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in ACI Worldwide by 8.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after buying an additional 230 shares in the last quarter. Essential Partners LLC grew its stake in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after acquiring an additional 327 shares during the last quarter. Allworth Financial LP grew its stake in shares of ACI Worldwide by 50.8% during the second quarter. Allworth Financial LP now owns 1,163 shares of the technology company’s stock worth $58,000 after acquiring an additional 392 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of ACI Worldwide by 47.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company’s stock worth $57,000 after acquiring an additional 444 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ACI Worldwide by 138.5% during the second quarter. IFP Advisors Inc now owns 1,121 shares of the technology company’s stock worth $56,000 after acquiring an additional 651 shares during the last quarter. Hedge funds and other 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.