ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $48.75 Consensus Target Price from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $48.75.

A number of brokerages recently issued reports on ACIW. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. StockNews.com lowered ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. DA Davidson upped their price objective on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, Canaccord Genuity Group upped their price target 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.

ACI Worldwide Stock Performance

Shares of ACIW traded up $1.02 during midday trading on Tuesday, hitting $51.17. 525,291 shares of the stock traded hands, compared to its average volume of 643,481. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. ACI Worldwide has a 1-year low of $23.90 and a 1-year high of $53.29. The business's 50 day moving average price is $49.82 and its two-hundred day moving average price is $42.90. The firm has a market capitalization of $5.36 billion, a PE ratio of 30.11 and a beta of 1.19.

Hedge Funds Weigh In On ACI Worldwide

A number of institutional investors have recently bought and sold shares of the stock. Swedbank AB acquired a new stake in shares of ACI Worldwide in the first quarter worth $3,321,000. GSA Capital Partners LLP acquired a new position in shares of ACI Worldwide in the 1st quarter valued at about $846,000. CANADA LIFE ASSURANCE Co lifted its position in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company's stock worth $3,623,000 after purchasing an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of ACI Worldwide by 140.3% during the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company's stock worth $2,063,000 after purchasing an additional 36,261 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in ACI Worldwide by 9.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company's stock valued at $70,167,000 after purchasing an additional 180,600 shares in the last quarter. Hedge funds and other 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.