ACI Worldwide (NASDAQ:ACIW) Hits New 52-Week High – Here’s What Happened

ACI Worldwide, Inc. (NASDAQ:ACIW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.60 and last traded at $56.43, with a volume of 758115 shares. The stock had previously closed at $56.42.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, DA Davidson upped their target price on ACI Worldwide from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $62.00.

ACI Worldwide Price Performance

The stock has a 50-day moving average price of $46.52 and a two-hundred day moving average price of $43.89. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 28.66 and a beta of 0.98.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping 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 analysts’ expectations of $410.08 million. During the same period last year, the business earned $0.51 EPS. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2.69 EPS for the current year.

Institutional Trading of ACI Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. boosted its holdings in shares of ACI Worldwide by 8.5% in the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock valued at $121,916,000 after acquiring an additional 189,433 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 23.5% during the second quarter. GAMMA Investing LLC now owns 6,536 shares of the technology company’s stock worth $329,000 after purchasing an additional 1,245 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of ACI Worldwide by 109.7% during the second quarter. Versant Capital Management Inc now owns 1,938 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,014 shares during the last quarter. Pacer Advisors Inc. lifted its position in ACI Worldwide by 8.2% during the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after purchasing an additional 230 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in ACI Worldwide by 2,433.1% in the first quarter. NewEdge Advisors LLC now owns 8,967 shares of the technology company’s stock valued at $368,000 after purchasing an additional 8,613 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Company Profile

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.