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

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

ACIW has been the topic of several other reports. BidaskClub raised shares of ACI Worldwide from a sell rating to a hold rating in a research note on Wednesday, October 9th. BTIG Research initiated coverage on shares of ACI Worldwide in a research note on Thursday, September 12th. They set a buy rating and a $40.00 price target on the stock. Finally, ValuEngine downgraded shares of ACI Worldwide from a buy rating to a hold rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $38.33.

NASDAQ ACIW traded up $0.40 during trading hours on Thursday, reaching $34.40. 465,900 shares of the company were exchanged, compared to its average volume of 695,492. ACI Worldwide has a 1 year low of $25.12 and a 1 year high of $35.86. The stock has a market capitalization 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 business’s 50 day simple moving average is $31.20 and its 200-day simple moving average is $32.01.

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

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Several hedge funds have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its stake in shares of ACI Worldwide by 5.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 33,279 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 1,746 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of ACI Worldwide by 12.2% during the third quarter. D.A. Davidson & CO. now owns 178,930 shares of the technology company’s stock worth $5,606,000 after acquiring an additional 19,412 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of ACI Worldwide by 1.1% during the third quarter. TimesSquare Capital Management LLC now owns 2,081,763 shares of the technology company’s stock worth $65,211,000 after acquiring an additional 22,973 shares in the last quarter. BBVA USA Bancshares Inc. raised its stake in shares of ACI Worldwide by 10.7% during the third quarter. BBVA USA Bancshares Inc. now owns 15,008 shares of the technology company’s stock worth $471,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of ACI Worldwide by 3.9% during the third quarter. Mason Street Advisors LLC now owns 61,208 shares of the technology company’s stock worth $1,917,000 after acquiring an additional 2,276 shares in the last quarter. 99.62% of the stock is currently owned by hedge funds and other 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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