ACI Worldwide (NASDAQ:ACIW) Downgraded by Stephens to Equal Weight

ACI Worldwide (NASDAQ:ACIW) was downgraded by equities researchers at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Friday, Briefing.com reports.

Several other research analysts have also recently commented on the stock. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group lifted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, DA Davidson raised their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $51.94 on Friday. The stock has a market cap of $5.48 billion, a PE ratio of 38.76 and a beta of 1.19. 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 firm has a 50-day moving average of $49.37 and a 200-day moving average of $41.32. ACI Worldwide has a 52-week low of $19.56 and a 52-week high of $53.29.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The firm had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. On average, sell-side analysts anticipate that ACI Worldwide will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of ACI Worldwide by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of 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 valued at $95,029,000 after acquiring an additional 743,595 shares during the last quarter. Reinhart Partners LLC. boosted its position in ACI Worldwide by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after buying an additional 18,229 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in ACI Worldwide by 9.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after acquiring an additional 180,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in ACI Worldwide by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock valued at $37,608,000 after acquiring an additional 56,113 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Company Profile

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.