ACI Worldwide (NASDAQ:ACIW) Cut to "Neutral" at DA Davidson

DA Davidson downgraded shares of ACI Worldwide (NASDAQ:ACIW - Free Report) from a buy rating to a neutral rating in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage currently has $60.00 target price on the technology company's stock, up from their previous target price of $57.00.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group boosted their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $49.50.

ACI Worldwide Stock Down 2.0 %

ACIW traded down $1.19 on Friday, hitting $58.01. 1,332,111 shares of the company were exchanged, compared to its average volume of 652,019. The stock's fifty day moving average is $50.16 and its 200-day moving average is $43.23. ACI Worldwide has a 12 month low of $24.76 and a 12 month high of $59.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $6.07 billion, a PE ratio of 35.03 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.52 by $0.37. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The company had revenue of $451.75 million during the quarter, compared to the consensus estimate of $404.80 million. Equities research analysts predict that ACI Worldwide will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of ACI Worldwide by 8.9% in the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company's stock valued at $3,047,000 after acquiring an additional 7,466 shares during the period. Janney Montgomery Scott LLC boosted its holdings in ACI Worldwide by 40.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company's stock valued at $383,000 after purchasing an additional 3,307 shares during the period. GSA Capital Partners LLP acquired a new position in shares of ACI Worldwide during the 1st quarter worth approximately $846,000. Texas Permanent School Fund Corp increased its holdings in shares of ACI Worldwide by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 95,153 shares of the technology company's stock worth $3,160,000 after purchasing an additional 1,231 shares during the period. Finally, ClariVest Asset Management LLC raised its position in shares of ACI Worldwide by 140.3% in the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company's stock valued at $2,063,000 after buying an additional 36,261 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

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.