Shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $54.52 and last traded at $54.29, with a volume of 511011 shares. The stock had previously closed at $52.53.
Analysts Set New Price Targets
ACIW has been the subject of several recent research reports. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research note on Monday, May 11th. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.
Check Out Our Latest Analysis on ACIW
ACI Worldwide Stock Up 4.0%
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. During the same quarter last year, the company posted $0.51 earnings per share. ACI Worldwide’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after buying an additional 372 shares during the period. Allworth Financial LP raised its holdings in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares in the last quarter. Essential Partners LLC lifted its holdings in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after acquiring an additional 327 shares during the period. Eagle Bay Advisors LLC acquired a new position in ACI Worldwide in the fourth quarter valued at about $37,000. Finally, State of Wyoming acquired a new position in shares of ACI Worldwide in the 2nd quarter worth approximately $37,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.
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.
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