ACI Worldwide (NASDAQ:ACIW) Rating Lowered to “Neutral” at DA Davidson

DA Davidson cut shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a neutral rating in a report released on Friday, MarketBeat Ratings reports. The firm currently has $60.00 target price on the technology company’s stock, up from their previous target price of $57.00.

Several other equities analysts have also commented on the stock. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Canaccord Genuity Group upped their target price on shares of 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 shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $58.01 on Friday. The company has a market cap of $6.07 billion, a P/E ratio of 27.49 and a beta of 1.19. The business has a 50 day moving average of $50.31 and a two-hundred day moving average of $43.54. ACI Worldwide has a 52 week low of $24.76 and a 52 week high of $59.60. The company has a quick ratio of 1.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.37. The business had revenue of $451.75 million during the quarter, compared to analyst estimates of $404.80 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. As a group, analysts anticipate that ACI Worldwide will post 1.96 EPS for the current year.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp lifted its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC lifted its position in 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 boosted its stake in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter valued at $112,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Company Profile

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.