Brokerages Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $40.00

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) 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.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the transaction, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of ACI Worldwide stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director now owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.