Zacks Investment Research upgraded shares of ACI Worldwide (NASDAQ:ACIW) from a sell rating to a hold rating in a report released on Monday, February 19th.
According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
Separately, BidaskClub lowered ACI Worldwide from a hold rating to a sell rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $27.00.
ACI Worldwide (ACIW) traded down $0.01 during trading hours on Monday, hitting $26.00. The stock had a trading volume of 478,836 shares, compared to its average volume of 681,549. The stock has a market capitalization of $3,017.01, a price-to-earnings ratio of 520.00, a PEG ratio of 3.31 and a beta of 1.18. ACI Worldwide has a 52-week low of $20.23 and a 52-week high of $26.16. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. The firm had revenue of $326.40 million during the quarter, compared to analyst estimates of $322.12 million. ACI Worldwide had a return on equity of 12.04% and a net margin of 0.50%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. equities research analysts forecast that ACI Worldwide will post 0.66 EPS for the current fiscal year.
In related news, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $22.97, for a total transaction of $689,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Shay, Jr. sold 63,781 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $24.85, for a total value of $1,584,957.85. Following the transaction, the director now owns 91,896 shares of the company’s stock, valued at approximately $2,283,615.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,781 shares of company stock valued at $3,945,958. 4.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ACIW. Voya Investment Management LLC raised its holdings in ACI Worldwide by 12.8% in the second quarter. Voya Investment Management LLC now owns 52,919 shares of the technology company’s stock worth $1,184,000 after purchasing an additional 6,022 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in ACI Worldwide in the second quarter worth $1,350,000. State Street Corp raised its holdings in ACI Worldwide by 3.9% in the second quarter. State Street Corp now owns 3,892,245 shares of the technology company’s stock worth $87,069,000 after purchasing an additional 147,535 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in ACI Worldwide by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 260,139 shares of the technology company’s stock worth $5,818,000 after purchasing an additional 4,693 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new position in ACI Worldwide in the third quarter worth $203,000.
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About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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