ACI Worldwide (NASDAQ:ACIW – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a research note issued to investors on Thursday, Benzinga reports. They currently have a $39.00 target price on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 22.87% from the company’s previous close.
Several other equities research analysts have also recently weighed in on ACIW. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Seaport Res Ptn reiterated a “buy” rating on shares of ACI Worldwide in a research note on Tuesday, November 21st. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research note on Friday. Finally, Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a report on Friday, March 8th. They set a “buy” rating and a $38.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Analysis on ACI Worldwide
ACI Worldwide Trading Down 0.3 %
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that ACI Worldwide will post 1.91 EPS for the current year.
Institutional Investors Weigh In On ACI Worldwide
Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares during the period. Strs Ohio grew its position in ACI Worldwide by 142.9% in the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. KBC Group NV bought a new stake in shares of ACI Worldwide during the 4th quarter valued at $79,000. FMR LLC lifted its stake in shares of ACI Worldwide by 26.2% during the 1st quarter. FMR LLC now owns 3,312 shares of the technology company’s stock valued at $89,000 after buying an additional 688 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in ACI Worldwide by 84.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after buying an additional 2,106 shares during the period. Institutional investors 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.
Featured Stories
- Five stocks we like better than ACI Worldwide
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Insider Selling of Amazon Spikes in Q1, but it’s Not Time to Sell
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- 2 Deep Value, High Yield Stocks With a Double-Digit Upside
- What is the NASDAQ Stock Exchange?
- Are We in a Bear Market? Here are the Signs
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.