ACI Worldwide (NASDAQ:ACIW) Reaches New 1-Year High – Here’s What Happened

ACI Worldwide, Inc. (NASDAQ:ACIW) reached a new 52-week high on Wednesday . The stock traded as high as $54.15 and last traded at $54.12, with a volume of 7003 shares trading hands. The stock had previously closed at $51.17.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a research note on Friday. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, Canaccord Genuity Group raised their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

ACI Worldwide Stock Up 8.8 %

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 business has a 50-day simple moving average of $50.16 and a two-hundred day simple moving average of $43.23. The stock has a market capitalization of $6.20 billion, a P/E ratio of 35.03 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 7th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.52 by $0.37. The company had revenue of $451.75 million for the quarter, compared to the consensus estimate of $404.80 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Equities research analysts forecast that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of ACI Worldwide

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of ACI Worldwide by 123.3% during 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 last quarter. GAMMA Investing LLC increased its stake 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 valued at $52,000 after buying an additional 431 shares in the last quarter. CWM LLC raised 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 valued at $52,000 after buying an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in ACI Worldwide during the 3rd quarter worth about $112,000. 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.