ACI Worldwide (NASDAQ:ACIW) Raised to “Hold” at BidaskClub
A number of other research analysts have also recently issued reports on the company. ValuEngine raised ACI Worldwide from a hold rating to a buy rating in a research note on Tuesday. Zacks Investment Research raised ACI Worldwide from a strong sell rating to a hold rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ACI Worldwide has a consensus rating of Buy and a consensus price target of $38.33.
Shares of NASDAQ:ACIW opened at $32.90 on Tuesday. The stock’s 50-day moving average price is $30.43 and its 200-day moving average price is $32.49. ACI Worldwide has a 12-month low of $24.02 and a 12-month high of $35.86. The stock has a market capitalization of $3.73 billion, a P/E ratio of 29.64 and a beta of 1.29. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.
Institutional investors have recently bought and sold shares of the company. Huntington National Bank purchased a new stake in shares of ACI Worldwide during the second quarter worth about $27,000. Marshall Wace LLP purchased a new stake in shares of ACI Worldwide during the first quarter worth about $49,000. Tortoise Index Solutions LLC purchased a new stake in shares of ACI Worldwide during the first quarter worth about $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of ACI Worldwide by 89.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 796 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of ACI Worldwide during the second quarter worth about $69,000. Institutional investors own 99.72% of the company’s stock.
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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