Brokerages Set ACI Worldwide, Inc. (NASDAQ:ACIW) PT at $49.50

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $49.50.

Several analysts have weighed in on ACIW shares. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th.

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the sale, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after purchasing an additional 56,919 shares during the last quarter. Geode Capital Management LLC grew its holdings in ACI Worldwide by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after acquiring an additional 31,561 shares during the last quarter. Hood River Capital Management LLC grew its holdings in ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after acquiring an additional 743,595 shares during the last quarter. Reinhart Partners LLC. grew its holdings in ACI Worldwide by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after acquiring an additional 18,229 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in ACI Worldwide by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after acquiring an additional 33,408 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $57.14 on Friday. ACI Worldwide has a twelve month low of $26.87 and a twelve month high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $52.58 and a two-hundred day simple moving average of $45.76. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 26.93 and a beta of 1.19.

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.