ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year High at $36.37

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.37 and last traded at $35.49, with a volume of 194244 shares trading hands. The stock had previously closed at $33.10.

Analysts Set New Price Targets

Several equities analysts have weighed in on ACIW shares. Jefferies Financial Group initiated coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. DA Davidson restated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a report on Thursday, March 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. Finally, TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

ACI Worldwide Stock Performance

The company’s 50-day moving average is $32.08 and its two-hundred day moving average is $29.11. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.63 billion, a P/E ratio of 32.25 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in ACI Worldwide by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after buying an additional 1,228,384 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ACI Worldwide by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock worth $129,134,000 after acquiring an additional 57,538 shares during the last quarter. North Reef Capital Management LP boosted its stake in shares of ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock valued at $64,183,000 after purchasing an additional 592,735 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of ACI Worldwide by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock valued at $58,485,000 after purchasing an additional 24,272 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after purchasing an additional 203,348 shares during the period. Institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

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.