Shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $45.00.
A number of equities research analysts have recently weighed in on ACIW shares. Canaccord Genuity Group raised their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday. DA Davidson raised their price objective on ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Craig Hallum raised their target price on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 1st.
Read Our Latest Stock Report on ACI Worldwide
Insider Activity at ACI Worldwide
Institutional Investors Weigh In On ACI Worldwide
A number of institutional investors and hedge funds have recently made changes to their positions in ACIW. Vanguard Group Inc. raised its position in shares of ACI Worldwide by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after acquiring an additional 1,228,384 shares during the last quarter. Norges Bank bought a new stake in shares of ACI Worldwide during the fourth quarter worth $37,509,000. Public Employees Retirement Association of Colorado raised its position in shares of ACI Worldwide by 9,610.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company’s stock worth $27,757,000 after acquiring an additional 897,757 shares during the last quarter. Swedbank AB raised its position in shares of ACI Worldwide by 228.6% during the second quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock worth $13,009,000 after acquiring an additional 228,600 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of ACI Worldwide during the second quarter worth $7,353,000. Institutional investors own 94.74% of the company’s stock.
ACI Worldwide Stock Down 1.9 %
Shares of ACI Worldwide stock opened at $44.86 on Friday. The stock has a 50-day moving average price of $38.69 and a 200 day moving average price of $34.61. The company has a market cap of $4.73 billion, a P/E ratio of 33.48 and a beta of 1.20. The company has a current ratio of 1.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $48.80.
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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