ACI Worldwide (NASDAQ:ACIW) Reaches New 12-Month High – Still a Buy?

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.15 and last traded at $54.12, with a volume of 7003 shares. The stock had previously closed at $51.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ACIW shares. DA Davidson raised their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group raised their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

ACI Worldwide Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $5.58 billion, a PE ratio of 30.28 and a beta of 1.19. The firm’s 50 day moving average is $49.86 and its 200 day moving average is $43.03.

Institutional Investors Weigh In On ACI Worldwide

Several institutional investors have recently bought and sold shares of ACIW. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares during the last quarter. Fifth Third Bancorp boosted its stake in ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares in the last quarter. CWM LLC raised its holdings in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide during the 3rd quarter valued at $112,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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.