TheStreet Downgrades ACI Worldwide (NASDAQ:ACIW) to C+

ACI Worldwide (NASDAQ:ACIW) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Several other brokerages have also issued reports on ACIW. BidaskClub raised shares of ACI Worldwide from a “strong sell” rating to a “sell” rating in a report on Saturday, March 7th. Canaccord Genuity reissued a “buy” rating and set a $44.00 price objective on shares of ACI Worldwide in a report on Wednesday, February 19th. ValuEngine raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, February 29th. Finally, Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $43.00 to $38.00 in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.67.

ACIW stock traded up $1.31 during trading on Monday, hitting $23.96. 1,839,397 shares of the company’s stock traded hands, compared to its average volume of 858,434. The firm has a market capitalization of $2.50 billion, a P/E ratio of 42.04 and a beta of 1.43. The business has a fifty day simple moving average of $29.76 and a two-hundred day simple moving average of $33.27. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.23. ACI Worldwide has a 1 year low of $20.03 and a 1 year high of $39.37.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, February 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.09). The business had revenue of $399.92 million for the quarter, compared to analysts’ expectations of $402.40 million. ACI Worldwide had a net margin of 5.33% and a return on equity of 6.28%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simon Quick Advisors LLC purchased a new stake in shares of ACI Worldwide during the fourth quarter valued at $25,000. NEXT Financial Group Inc grew its holdings in shares of ACI Worldwide by 66.5% during the fourth quarter. NEXT Financial Group Inc now owns 1,052 shares of the technology company’s stock valued at $40,000 after buying an additional 420 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of ACI Worldwide during the first quarter valued at $49,000. Americana Partners LLC purchased a new stake in shares of ACI Worldwide during the fourth quarter valued at $61,000. Finally, Pendal Group Ltd purchased a new stake in shares of ACI Worldwide during the fourth quarter valued at $89,000.

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.

Featured Story: Cost of Equity For A Business, Investors

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.