ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $49.50 Consensus Price Target from Brokerages

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $49.50.

ACIW has been the subject of a number of research analyst reports. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th.

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACIW. Hood River Capital Management LLC raised its holdings in ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock worth $95,029,000 after acquiring an additional 743,595 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of ACI Worldwide by 144.1% during the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock valued at $24,571,000 after purchasing an additional 285,001 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of ACI Worldwide during the second quarter valued at $7,696,000. Allspring Global Investments Holdings LLC bought a new stake in ACI Worldwide in the 2nd quarter worth about $7,353,000. Finally, Barclays PLC boosted its holdings in shares of ACI Worldwide by 244.0% during the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company's stock valued at $11,513,000 after acquiring an additional 160,425 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

Shares of ACIW traded up $0.78 during trading hours on Wednesday, reaching $52.89. 255,810 shares of the company's stock traded hands, compared to its average volume of 663,579. ACI Worldwide has a 12 month low of $28.79 and a 12 month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.55 billion, a PE ratio of 25.07 and a beta of 1.19. The firm's 50 day simple moving average is $53.75 and its 200-day simple moving average is $48.03.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.