Brokerages Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $60.00

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average recommendation of “Moderate Buy” by the four analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of research firms have recently weighed in on ACIW. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares in the last quarter. Allworth Financial LP raised its position in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares in the last quarter. Essential Partners LLC raised its position in ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in ACI Worldwide during the fourth quarter valued at approximately $37,000. Finally, State of Wyoming acquired a new position in ACI Worldwide during the second quarter valued at approximately $37,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Trading Up 0.6%

Shares of ACIW stock opened at $46.66 on Friday. The firm has a 50 day moving average price of $43.52 and a two-hundred day moving average price of $43.25. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.74 billion, a PE ratio of 23.45 and a beta of 1.00. ACI Worldwide has a 12-month low of $38.05 and a 12-month high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The company had revenue of $425.75 million during the quarter, compared to the consensus estimate of $410.08 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that ACI Worldwide will post 2.59 earnings per share for the current year.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.