ACI Worldwide (NASDAQ:ACIW) Upgraded at Zacks Research

ACI Worldwide (NASDAQ:ACIWGet Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

ACIW has been the subject of a number of other research reports. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, DA Davidson set a $66.00 target price on ACI Worldwide and gave the stock a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $66.00.

Get Our Latest Stock Analysis on ACIW

ACI Worldwide Price Performance

ACIW stock opened at $51.86 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. The company’s 50-day moving average is $53.18 and its 200-day moving average is $45.80. The stock has a market capitalization of $5.24 billion, a PE ratio of 23.79 and a beta of 0.97. ACI Worldwide has a 1 year low of $38.05 and a 1 year high of $61.08.

Hedge Funds Weigh In On ACI Worldwide

Several large investors have recently added to or reduced their stakes in ACIW. Allworth Financial LP boosted its stake in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Essential Partners LLC raised its stake in shares of ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares during the last quarter. State of Wyoming purchased a new stake in shares of ACI Worldwide in the second quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

About ACI Worldwide

(Get Free Report)

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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