ACI Worldwide (ACIW) Upgraded to Hold by Zacks Investment Research

ACI Worldwide (NASDAQ:ACIW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “

Separately, BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.00.

ACI Worldwide (NASDAQ:ACIW) traded up $0.29 during trading on Monday, reaching $23.34. 568,600 shares of the company’s stock traded hands, compared to its average volume of 584,355. The firm has a market cap of $2,767.64, a PE ratio of 70.73, a price-to-earnings-growth ratio of 3.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16. ACI Worldwide has a 52-week low of $19.55 and a 52-week high of $25.00.

In other news, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $22.97, for a total transaction of $689,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Mcgroddy sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $22.40, for a total transaction of $2,016,000.00. Following the transaction, the director now owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,000 shares of company stock valued at $4,326,300. Insiders own 4.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its position in shares of ACI Worldwide by 2.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 95,858 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 2,287 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ACI Worldwide by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after buying an additional 2,352 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of ACI Worldwide by 3.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 73,870 shares of the technology company’s stock worth $1,675,000 after buying an additional 2,754 shares during the period. Bridge City Capital LLC boosted its holdings in shares of ACI Worldwide by 8.7% in the third quarter. Bridge City Capital LLC now owns 36,030 shares of the technology company’s stock worth $821,000 after buying an additional 2,876 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of ACI Worldwide by 4.2% in the third quarter. Great West Life Assurance Co. Can now owns 72,092 shares of the technology company’s stock worth $1,652,000 after buying an additional 2,933 shares during the period.

COPYRIGHT VIOLATION NOTICE: This report was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://weekherald.com/2018/02/19/aci-worldwide-aciw-upgraded-to-hold-by-zacks-investment-research.html.

ACI Worldwide Company Profile

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply