ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Consensus Rating of “Moderate Buy” from Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $60.00.

A number of equities research analysts have commented on ACIW shares. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Thursday, July 17th. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ACI Worldwide

A number of institutional investors have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC bought a new stake in ACI Worldwide during the first quarter valued at about $25,000. Steward Partners Investment Advisory LLC lifted its position in shares of ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after buying an additional 323 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of ACI Worldwide during the 2nd quarter valued at approximately $32,000. Bessemer Group Inc. increased its holdings in ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after acquiring an additional 298 shares during the period. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Trading Down 0.9%

Shares of NASDAQ:ACIW opened at $47.57 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. ACI Worldwide has a 1 year low of $40.45 and a 1 year high of $59.71. The company has a market cap of $4.90 billion, a P/E ratio of 20.07 and a beta of 1.09. The stock’s fifty day moving average price is $50.38 and its 200-day moving average price is $48.07.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.ACI Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. ACI Worldwide has set its FY 2025 guidance at EPS. Sell-side analysts expect that ACI Worldwide will post 2 earnings per share for the current year.

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.