Shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report) have been given an average recommendation of “Hold” by the four ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $60.00.
Several equities analysts have issued reports on the stock. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research downgraded shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th.
View Our Latest Stock Analysis on ACIW
ACI Worldwide Stock Performance
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The company had revenue of $425.75 million during the quarter, compared to the consensus estimate of $410.08 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts expect that ACI Worldwide will post 2.53 earnings per share for the current year.
Insider Activity
In other ACI Worldwide news, Director Juan Benitez II bought 2,400 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This represents a 16.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adalio T. Sanchez bought 3,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $40.98 per share, with a total value of $122,940.00. Following the purchase, the director directly owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. This trade represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in ACIW. Millennium Management LLC raised its holdings in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC raised its holdings in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares in the last quarter. Caxton Associates LLP purchased a new position in ACI Worldwide during the first quarter worth about $259,000. Empowered Funds LLC raised its holdings in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after purchasing an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 48,988 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.
About ACI Worldwide
ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.
ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.
Featured Articles
- Five stocks we like better than ACI Worldwide
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
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.
