ACI Worldwide (NASDAQ:ACIW – Get Free Report) had its price objective hoisted by stock analysts at DA Davidson from $52.00 to $57.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 7.81% from the company’s current price.
A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity Group increased their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.75.
Read Our Latest Research Report on ACI Worldwide
ACI Worldwide Price Performance
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. On average, analysts anticipate that ACI Worldwide will post 1.96 earnings per share for the current year.
Institutional Trading of ACI Worldwide
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares during the period. CWM LLC increased its holdings in shares of ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,143 shares during the period. nVerses Capital LLC bought a new position in shares of ACI Worldwide in the third quarter worth $112,000. Finally, USA Financial Formulas bought a new position in shares of ACI Worldwide in the third quarter worth $114,000. 94.74% of the stock is owned by institutional investors.
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.
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