ACI Worldwide (NASDAQ:ACIW) PT Raised to $52.00

ACI Worldwide (NASDAQ:ACIW) had its price objective raised by DA Davidson from $48.00 to $52.00 in a report issued on Monday morning, Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

A number of other brokerages have also weighed in on ACIW. Craig Hallum raised their price objective on ACI Worldwide from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Canaccord Genuity Group lifted their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a buy rating in a research report on Friday, August 2nd. StockNews.com lowered ACI Worldwide from a buy rating to a hold rating in a research report on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a hold rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $47.50.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $45.36 on Monday. The company has a market cap of $4.78 billion, a PE ratio of 33.85 and a beta of 1.20. The company has a 50-day simple moving average of $39.29 and a 200-day simple moving average of $34.93. ACI Worldwide has a 12 month low of $19.56 and a 12 month high of $48.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.37.

Insider Activity

In other news, Director James C. Hale III sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the sale, the director now directly owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director James C. Hale III sold 5,000 shares of ACI Worldwide stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total transaction of $183,700.00. Following the completion of the transaction, the director now directly owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the transaction, the director now directly owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Swedbank AB purchased a new position in shares of ACI Worldwide in the 1st quarter worth $3,321,000. GSA Capital Partners LLP bought a new stake in ACI Worldwide during the first quarter worth approximately $846,000. CANADA LIFE ASSURANCE Co raised its position in ACI Worldwide by 26.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after purchasing an additional 22,992 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of ACI Worldwide by 140.3% in the 1st quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock valued at $2,063,000 after purchasing an additional 36,261 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in shares of ACI Worldwide in the 4th quarter worth approximately $1,209,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

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.