ACI Worldwide (NASDAQ:ACIW) Cut to “Equal Weight” at Stephens

Stephens downgraded shares of ACI Worldwide (NASDAQ:ACIW) from an overweight rating to an equal weight rating in a research note issued to investors on Friday morning, MarketBeat reports.

Several other research firms have also recently commented on ACIW. Canaccord Genuity Group boosted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. DA Davidson upped their target price on ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $50.66 on Friday. ACI Worldwide has a 12 month low of $19.56 and a 12 month high of $53.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The stock has a market cap of $5.30 billion, a PE ratio of 29.98 and a beta of 1.19. The business has a fifty day simple moving average of $49.45 and a 200-day simple moving average of $41.51.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. On average, sell-side analysts anticipate that ACI Worldwide will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 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 period. GAMMA Investing LLC boosted its stake in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares during the period. CWM LLC lifted its position in shares of ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares during the period. nVerses Capital LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $112,000. Finally, USA Financial Formulas bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $114,000. Institutional investors and hedge funds 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.