ACI Worldwide (NASDAQ:ACIW) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a sell rating to a hold rating in a research report released on Saturday, June 29th, BidAskClub reports.

Several other research firms have also recently issued reports on ACIW. Zacks Investment Research cut Hess Midstream Partners from a hold rating to a sell rating in a research note on Tuesday, May 14th. Stephens upgraded ACI Worldwide from an equal weight rating to an overweight rating and upped their price objective for the company from $30.00 to $38.00 in a report on Friday, March 8th. Finally, TheStreet lowered Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. ACI Worldwide presently has an average rating of Hold and an average target price of $34.00.

ACIW traded down $0.31 during trading on Friday, reaching $33.95. 507,317 shares of the company were exchanged, compared to its average volume of 634,737. The firm has a market capitalization of $3.75 billion, a PE ratio of 30.59, a P/E/G ratio of 4.35 and a beta of 1.25. The business’s 50 day moving average price is $33.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.97 and a current ratio of 1.97. ACI Worldwide has a 52 week low of $24.02 and a 52 week high of $35.86.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.07). ACI Worldwide had a return on equity of 8.39% and a net margin of 6.20%. The company had revenue of $205.90 million for the quarter, compared to the consensus estimate of $213.05 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. ACI Worldwide’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that ACI Worldwide will post 0.65 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fort L.P. bought a new stake in shares of ACI Worldwide during the 4th quarter worth $30,000. Flagship Harbor Advisors LLC bought a new stake in shares of ACI Worldwide during the 1st quarter worth $31,000. Marshall Wace LLP bought a new stake in shares of ACI Worldwide during the 1st quarter worth $49,000. Tortoise Index Solutions LLC bought a new stake in shares of ACI Worldwide during the 1st quarter worth $55,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of ACI Worldwide during the 4th quarter worth $74,000.

ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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