Shares of ACI Worldwide Inc (NASDAQ:ACIW) have received an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.00.
A number of analysts have recently weighed in on ACIW shares. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b-” rating in a report on Thursday, December 6th. Zacks Investment Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 11th. BidaskClub raised shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 28th. Finally, Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal” rating and dropped their target price for the stock from $33.00 to $30.00 in a research report on Thursday, January 3rd.
In related news, CEO Philip G. Heasley sold 166,572 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $32.28, for a total value of $5,376,944.16. Following the sale, the chief executive officer now owns 1,441,533 shares of the company’s stock, valued at approximately $46,532,685.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.42% of the stock is currently owned by corporate insiders.
Shares of ACI Worldwide stock traded down $1.15 during trading hours on Tuesday, reaching $32.18. The company’s stock had a trading volume of 544,077 shares, compared to its average volume of 848,802. ACI Worldwide has a one year low of $22.13 and a one year high of $34.21. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.74 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial 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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