Zacks Investment Research upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a strong sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.
According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
ACIW has been the subject of several other reports. TheStreet downgraded Trade Desk from a b- rating to a c- rating in a research note on Thursday, May 9th. BidaskClub upgraded Xilinx from a hold rating to a buy rating in a research note on Saturday, June 29th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $34.00.
Shares of ACI Worldwide stock opened at $34.35 on Tuesday. The firm’s 50-day simple moving average is $32.89. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $3.78 billion, a P/E ratio of 30.95, a PEG ratio of 4.38 and a beta of 1.25. ACI Worldwide has a 1-year low of $24.02 and a 1-year high of $35.86.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $205.90 million for the quarter, compared to analyst estimates of $213.05 million. ACI Worldwide had a net margin of 6.20% and a return on equity of 8.39%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. As a group, sell-side analysts expect that ACI Worldwide will post 0.65 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in ACIW. Tributary Capital Management LLC bought a new stake in shares of ACI Worldwide during the second quarter valued at approximately $1,504,000. Marshall Wace North America L.P. raised its holdings in ACI Worldwide by 191.6% during the first quarter. Marshall Wace North America L.P. now owns 7,559 shares of the technology company’s stock worth $248,000 after purchasing an additional 4,967 shares in the last quarter. Marshall Wace LLP bought a new stake in ACI Worldwide during the first quarter worth approximately $49,000. Belpointe Asset Management LLC raised its holdings in ACI Worldwide by 5.0% during the first quarter. Belpointe Asset Management LLC now owns 20,851 shares of the technology company’s stock worth $685,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in ACI Worldwide during the first quarter worth approximately $1,625,000.
About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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