ACI Worldwide (ACIW) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a hold rating in a research report report published on Friday.

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. “

Several other research firms have also recently issued reports on ACIW. Credit Suisse Group raised their target price on ACI Worldwide from $25.00 to $27.00 and gave the stock a neutral rating in a research note on Wednesday, September 12th. BidaskClub raised ACI Worldwide from a buy rating to a strong-buy rating in a research note on Saturday, August 25th. Finally, ValuEngine raised ACI Worldwide from a hold rating to a buy rating in a research note on Friday, June 15th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. ACI Worldwide currently has an average rating of Buy and an average price target of $29.00.

NASDAQ ACIW opened at $26.65 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.26 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.78 and a beta of 1.26. ACI Worldwide has a 1 year low of $20.23 and a 1 year high of $28.98.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, August 2nd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.03). The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $232.23 million. ACI Worldwide had a return on equity of 6.30% and a net margin of 0.26%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) earnings per share. As a group, analysts anticipate that ACI Worldwide will post 0.62 EPS for the current fiscal year.

In other ACI Worldwide news, Director Adalio T. Sanchez sold 8,000 shares of ACI Worldwide stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $26.95, for a total transaction of $215,600.00. Following the sale, the director now directly owns 41,897 shares of the company’s stock, valued at approximately $1,129,124.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip G. Heasley sold 21,667 shares of ACI Worldwide stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $28.00, for a total value of $606,676.00. The disclosure for this sale can be found here. Insiders sold 33,767 shares of company stock worth $937,076 over the last three months. 4.42% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Cowen Prime Services LLC bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $123,000. Horrell Capital Management Inc. bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $129,000. First Republic Investment Management Inc. bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $208,000. Eqis Capital Management Inc. bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $325,000. Finally, Cubist Systematic Strategies LLC bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $332,000.

ACI Worldwide Company Profile

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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