ACI Worldwide Inc (NASDAQ:ACIW) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.50.
Several equities research analysts recently commented on ACIW shares. Stephens boosted their price objective on shares of ACI Worldwide from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research started coverage on shares of ACI Worldwide in a research report on Thursday, September 12th. They issued a “buy” rating and a $40.00 price objective on the stock. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research report on Thursday, November 7th. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, ValuEngine lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th.
Several institutional investors have recently added to or reduced their stakes in ACIW. Marshall Wace LLP purchased a new stake in shares of ACI Worldwide in the 1st quarter worth about $49,000. Tributary Capital Management LLC purchased a new stake in shares of ACI Worldwide in the 2nd quarter worth about $1,504,000. Oregon Public Employees Retirement Fund boosted its position in shares of ACI Worldwide by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 46,633 shares of the technology company’s stock worth $1,601,000 after buying an additional 664 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of ACI Worldwide in the 2nd quarter worth about $283,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of ACI Worldwide in the 2nd quarter worth about $268,000. Institutional investors and hedge funds own 99.78% of the company’s stock.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). ACI Worldwide had a return on equity of 10.48% and a net margin of 8.42%. The company had revenue of $354.90 million for the quarter, compared to analyst estimates of $341.07 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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