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

ACI Worldwide (NASDAQ:ACIW) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday, TheStreetRatingsTable reports.

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Several other equities research analysts have also recently commented on ACIW. ValuEngine cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. BTIG Research began coverage on ACI Worldwide in a research report on Thursday, September 12th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.33.

ACIW traded up $0.40 during trading on Thursday, reaching $34.40. The stock had a trading volume of 465,900 shares, compared to its average volume of 695,492. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. ACI Worldwide has a one year low of $25.12 and a one year high of $35.86. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 30.99 and a beta of 1.28. The stock’s 50 day moving average is $31.20 and its two-hundred day moving average is $32.01.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.27 EPS for the quarter, missing the 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 last year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 44.6% on a year-over-year basis.

A number of large investors have recently made changes to their positions in the business. Huntington National Bank purchased a new position in shares of ACI Worldwide during the 2nd quarter valued at about $27,000. Marshall Wace LLP purchased a new position in shares of ACI Worldwide during the 1st quarter valued at about $49,000. Tower Research Capital LLC TRC lifted its position in shares of ACI Worldwide by 89.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 796 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ACI Worldwide during the 2nd quarter valued at about $69,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of ACI Worldwide during the 2nd quarter valued at about $77,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

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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