Weiss Ratings restated their hold (c+) rating on shares of ACI Worldwide (NASDAQ:ACIW – Free Report) in a research note released on Wednesday morning,Weiss Ratings reports.
A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Thursday, July 17th. Finally, Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.
Check Out Our Latest Stock Analysis on ACIW
ACI Worldwide Stock Performance
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The firm had revenue of $401.26 million during the quarter, compared to analyst estimates of $380.45 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. ACI Worldwide has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that ACI Worldwide will post 2 earnings per share for the current year.
Hedge Funds Weigh In On ACI Worldwide
Several hedge funds have recently modified their holdings of the stock. Trust Point Inc. purchased a new position in shares of ACI Worldwide in the third quarter worth $318,000. Congress Asset Management Co. increased its position in ACI Worldwide by 13.1% in the third quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock worth $70,616,000 after purchasing an additional 154,817 shares during the last quarter. Assenagon Asset Management S.A. increased its position in ACI Worldwide by 21.0% in the third quarter. Assenagon Asset Management S.A. now owns 300,757 shares of the technology company’s stock worth $15,871,000 after purchasing an additional 52,274 shares during the last quarter. Praxis Investment Management Inc. bought a new stake in ACI Worldwide in the third quarter worth $221,000. Finally, Corient Private Wealth LLC increased its position in ACI Worldwide by 20.3% in the second quarter. Corient Private Wealth LLC now owns 6,912 shares of the technology company’s stock worth $317,000 after purchasing an additional 1,168 shares during the last quarter. Hedge funds and other 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.
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