ACI Worldwide (ACIW) Downgraded to Buy at BidaskClub

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ACI Worldwide (NASDAQ:ACIW) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, June 23rd.

ACIW has been the topic of a number of other reports. ValuEngine raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. TheStreet cut shares of ACI Worldwide from a “b” rating to a “c” rating in a research report on Thursday, May 10th. Finally, Zacks Investment Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. ACI Worldwide presently has a consensus rating of “Buy” and a consensus target price of $27.00.

ACI Worldwide opened at $24.67 on Friday, according to Marketbeat.com. ACI Worldwide has a 1 year low of $20.23 and a 1 year high of $27.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $2.87 billion, a PE ratio of 24.19, a PEG ratio of 3.16 and a beta of 1.16.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.06). The company had revenue of $209.30 million for the quarter, compared to the consensus estimate of $206.17 million. ACI Worldwide had a negative net margin of 1.27% and a positive return on equity of 8.61%. ACI Worldwide’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. analysts forecast that ACI Worldwide will post 0.65 earnings per share for the current fiscal year.

In related news, Director Jan Suwinski sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $24.19, for a total value of $725,700.00. Following the completion of the sale, the director now owns 166,896 shares of the company’s stock, valued at $4,037,214.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 180,000 shares of company stock valued at $4,431,600 in the last ninety days. 4.42% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in ACIW. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ACI Worldwide by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,352 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of ACI Worldwide in the 1st quarter worth about $210,000. Psagot Investment House Ltd. purchased a new position in shares of ACI Worldwide in the 1st quarter worth about $211,000. Xact Kapitalforvaltning AB purchased a new position in shares of ACI Worldwide in the 4th quarter worth about $261,000. Finally, Meadow Creek Investment Management LLC increased its holdings in ACI Worldwide by 32.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 14,784 shares of the technology company’s stock worth $335,000 after buying an additional 3,640 shares in the last quarter.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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