ACI Worldwide (NASDAQ:ACIW) Upgraded by TheStreet to B

TheStreet upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a c+ rating to a b rating in a research note issued to investors on Thursday morning, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of ACI Worldwide from a sell rating to a hold rating in a research report on Wednesday, October 9th. ValuEngine lowered shares of ACI Worldwide from a buy rating to a hold rating in a research report on Wednesday, September 25th. Finally, BTIG Research began coverage on shares of ACI Worldwide in a research report on Thursday, September 12th. They set a buy rating and a $40.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $38.33.

Shares of ACIW stock traded up $0.40 during mid-day trading on Thursday, reaching $34.40. 465,900 shares of the company’s stock traded hands, compared to its average volume of 695,492. ACI Worldwide has a 12 month low of $25.12 and a 12 month high of $35.86. The company has a market cap of $3.72 billion, a P/E ratio of 30.99 and a beta of 1.28. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $31.20 and its 200-day moving average price is $32.01.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.09). ACI Worldwide had a net margin of 7.74% and a return on equity of 10.14%. The business had revenue of $354.90 million for the quarter, compared to analysts’ expectations of $341.07 million. During the same period in the previous year, the company earned $0.13 EPS. ACI Worldwide’s revenue for the quarter was up 44.6% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in ACI Worldwide by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 988,537 shares of the technology company’s stock worth $33,947,000 after acquiring an additional 61,145 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in ACI Worldwide by 11.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 259,084 shares of the technology company’s stock worth $8,896,000 after purchasing an additional 26,206 shares during the period. North Star Asset Management Inc. boosted its stake in ACI Worldwide by 3.1% in the 3rd quarter. North Star Asset Management Inc. now owns 755,573 shares of the technology company’s stock worth $23,668,000 after purchasing an additional 22,909 shares during the period. Bank of Montreal Can boosted its stake in ACI Worldwide by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 84,018 shares of the technology company’s stock worth $2,885,000 after purchasing an additional 8,824 shares during the period. Finally, ClariVest Asset Management LLC boosted its stake in ACI Worldwide by 7.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 336,856 shares of the technology company’s stock worth $11,569,000 after purchasing an additional 24,500 shares during the period. 99.62% of the stock is owned by institutional investors.

About ACI Worldwide

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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