A number of other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of ACI Worldwide from a sell rating to a hold rating in a report on Wednesday, March 15th. Avondale Partners downgraded shares of ACI Worldwide from a market outperform rating to a market perform rating in a report on Friday, March 3rd. Finally, Raymond James Financial, Inc. upgraded shares of ACI Worldwide from an underperform rating to an outperform rating and set a $25.00 target price on the stock in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $23.67.
ACI Worldwide (NASDAQ:ACIW) opened at 22.45 on Thursday. ACI Worldwide has a one year low of $15.11 and a one year high of $22.95. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 20.60 and a beta of 1.48. The firm has a 50 day moving average of $20.49 and a 200-day moving average of $19.23.
ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, March 2nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The business had revenue of $343 million for the quarter, compared to the consensus estimate of $312.20 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that ACI Worldwide will post $0.44 EPS for the current fiscal year.
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In other news, Director John M. Shay, Jr. sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the sale, the director now owns 80,829 shares in the company, valued at $1,778,238. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in ACIW. Norges Bank purchased a new stake in ACI Worldwide during the fourth quarter worth about $36,059,000. Thrivent Financial for Lutherans raised its stake in ACI Worldwide by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,890 shares of the company’s stock worth $361,000 after buying an additional 1,660 shares in the last quarter. Two Sigma Investments LP purchased a new stake in ACI Worldwide during the fourth quarter worth about $261,000. GSA Capital Partners LLP purchased a new stake in ACI Worldwide during the fourth quarter worth about $552,000. Finally, Fred Alger Management Inc. purchased a new stake in ACI Worldwide during the fourth quarter worth about $15,748,000. Institutional investors and hedge funds own 99.96% of the company’s stock.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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