ACI Worldwide (ACIW) Reaches New 52-Week High at $34.52

Shares of ACI Worldwide Inc (NASDAQ:ACIW) reached a new 52-week high on Thursday . The stock traded as high as $34.52 and last traded at $34.32, with a volume of 27472 shares trading hands. The stock had previously closed at $34.32.

ACIW has been the subject of several analyst reports. Zacks Investment Research cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Thursday, January 3rd. Finally, BidaskClub cut shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. ACI Worldwide currently has an average rating of “Buy” and a consensus target price of $34.00.

The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.48 and a beta of 1.17.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, February 28th. The technology company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.05). The company had revenue of $319.95 million for the quarter, compared to analysts’ expectations of $366.24 million. ACI Worldwide had a return on equity of 9.17% and a net margin of 6.83%. As a group, analysts predict that ACI Worldwide Inc will post 1.14 earnings per share for the current year.

In other ACI Worldwide news, CEO Philip G. Heasley sold 166,572 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $32.28, for a total value of $5,376,944.16. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of ACIW. Martingale Asset Management L P boosted its position in ACI Worldwide by 29.8% in the 3rd quarter. Martingale Asset Management L P now owns 128,050 shares of the technology company’s stock valued at $3,604,000 after buying an additional 29,397 shares during the period. BlackRock Inc. boosted its position in ACI Worldwide by 1.4% in the 3rd quarter. BlackRock Inc. now owns 13,226,443 shares of the technology company’s stock valued at $372,190,000 after buying an additional 185,319 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of ACI Worldwide by 1,764.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,363 shares of the technology company’s stock valued at $432,000 after purchasing an additional 14,539 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of ACI Worldwide by 17.3% in the 3rd quarter. Pacer Advisors Inc. now owns 41,902 shares of the technology company’s stock valued at $1,179,000 after purchasing an additional 6,180 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in shares of ACI Worldwide by 18.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 149,440 shares of the technology company’s stock valued at $4,205,000 after purchasing an additional 22,770 shares in the last quarter.

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About ACI Worldwide (NASDAQ:ACIW)

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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