ACI Worldwide (NASDAQ:ACIW) Earns “Buy” Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of ACI Worldwide (NASDAQ:ACIW) in a research note issued to investors on Thursday morning, Benzinga reports. DA Davidson currently has a $39.00 price target on the technology company’s stock.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group restated a buy rating and issued a $40.00 price objective on shares of ACI Worldwide in a research report on Friday. TheStreet raised ACI Worldwide from a c rating to a b- rating in a research report on Thursday, January 4th. Jefferies Financial Group started coverage on ACI Worldwide in a research report on Friday, March 8th. They set a buy rating and a $38.00 price target for the company. Finally, Seaport Res Ptn reissued a buy rating on shares of ACI Worldwide in a research report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $39.00.

ACI Worldwide Trading Down 0.3 %

ACI Worldwide stock traded down $0.09 during mid-day trading on Thursday, hitting $31.74. The stock had a trading volume of 440,088 shares, compared to its average volume of 611,526. The stock has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $26.98. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.38 billion, a PE ratio of 28.59 and a beta of 1.24. ACI Worldwide has a 12 month low of $19.56 and a 12 month high of $33.43.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $476.43 million. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that ACI Worldwide will post 1.91 EPS for the current year.

Institutional Trading of ACI Worldwide

A number of hedge funds have recently made changes to their positions in ACIW. Vanguard Group Inc. raised its stake 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 valued at $404,067,000 after acquiring an additional 1,228,384 shares during the period. Legal & General Group Plc lifted its stake in shares of ACI Worldwide by 75.7% during the 4th quarter. Legal & General Group Plc now owns 326,959 shares of the technology company’s stock worth $10,005,000 after buying an additional 140,844 shares during the last quarter. Barclays PLC boosted its holdings in shares of ACI Worldwide by 6.6% during the 4th quarter. Barclays PLC now owns 198,400 shares of the technology company’s stock worth $6,071,000 after buying an additional 12,348 shares during the period. Nuveen Asset Management LLC grew its stake in ACI Worldwide by 32.7% in the 4th quarter. Nuveen Asset Management LLC now owns 602,456 shares of the technology company’s stock valued at $18,435,000 after buying an additional 148,612 shares during the last quarter. Finally, Oberweis Asset Management Inc. acquired a new stake in ACI Worldwide during the fourth quarter worth approximately $4,414,000. 94.74% of the stock is owned by institutional investors and hedge funds.

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.