ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $39.00 Consensus Target Price from Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned a consensus recommendation of “Buy” from the four ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.00.

Several brokerages have recently issued reports on ACIW. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. DA Davidson restated a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a report on Thursday, March 14th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. Finally, Jefferies Financial Group started coverage on ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company.

ACI Worldwide Stock Down 1.7 %

Shares of ACI Worldwide stock opened at $32.77 on Friday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 29.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $33.83. The stock has a 50-day simple moving average of $31.96 and a 200-day simple moving average of $28.80.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. On average, equities research analysts expect that ACI Worldwide will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of ACI Worldwide by 10.3% during 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. Norges Bank acquired a new position in ACI Worldwide in the fourth quarter worth $37,509,000. Public Employees Retirement Association of Colorado boosted its stake in ACI Worldwide by 9,610.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company’s stock worth $27,757,000 after purchasing an additional 897,757 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in ACI Worldwide by 1,265.4% in the third quarter. Assenagon Asset Management S.A. now owns 758,064 shares of the technology company’s stock worth $17,102,000 after purchasing an additional 702,546 shares in the last quarter. Finally, North Reef Capital Management LP boosted its stake in ACI Worldwide by 26.3% in the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after purchasing an additional 592,735 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Company Profile

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.