ACI Worldwide (NASDAQ:ACIW) Lowered to Neutral Rating by DA Davidson

DA Davidson downgraded shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a neutral rating in a research report report published on Friday, MarketBeat.com reports. They currently have $60.00 target price on the technology company’s stock, up from their prior target price of $57.00.

Other analysts have also issued reports about the stock. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group increased their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

ACI Worldwide Price Performance

ACI Worldwide stock traded down $1.19 during mid-day trading on Friday, hitting $58.01. The company’s stock had a trading volume of 1,332,141 shares, compared to its average volume of 652,019. The stock’s fifty day moving average price is $50.31 and its two-hundred day moving average price is $43.40. The stock has a market capitalization of $6.07 billion, a P/E ratio of 34.33 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. ACI Worldwide has a twelve month low of $24.76 and a twelve month high of $59.60.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.37. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The business had revenue of $451.75 million during the quarter, compared to analyst estimates of $404.80 million. Research analysts forecast that ACI Worldwide will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On ACI Worldwide

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after buying an additional 350 shares during the last quarter. GAMMA Investing LLC grew its position in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after buying an additional 431 shares during the period. The Manufacturers Life Insurance Company lifted its stake in ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock valued at $2,331,000 after purchasing an additional 469 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after buying an additional 478 shares during the last quarter. 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.