ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report) shares reached a new 52-week high on Friday. The company was trading at $48.82, and was last traded at $48.74, with volume of 64,318 shares trading hands. The stock previously closed at $48.08.

Analysts set new price targets

ACIW has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Craig Hallum increased their price target on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group increased their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson increased their price target on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have rated it with a buy rating. According to MarketBeat.com, ACI Worldwide has an average rating of “Moderate Buy” and a consensus target price of $47.50.

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ACI Worldwide shares rise 2.9%

The stock has a market cap of $5.22 billion, a price/earnings ratio of 36.93 and a beta of 1.20. The stock has a 50-day moving average price of $42.22 and a 200-day moving average price of $36.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last released its quarterly results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. As a group, research analysts expect ACI Worldwide, Inc. to post 1.95 EPS for the current fiscal year.

Buy and sell insider

In other ACI Worldwide news, Director James C. Hale III sold 10,000 shares of the company’s stock in a transaction on Friday, May 31. The shares were sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the sale, the Director now owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link . 1.00% of the shares are held by insiders.

Institutional inflow and outflow

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning increased its stake in shares of ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 5,067 shares during the period. Algert Global LLC increased its stake in ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after purchasing an additional 138,447 shares in the last quarter. Mackenzie Financial Corp increased its position in ACI Worldwide by 4.8% in the second quarter. Mackenzie Financial Corp now owns 62,958 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 2,879 shares during the period. Manufacturers Life Insurance Company increased its stake in ACI Worldwide by 0.8% in the 2nd quarter. Manufacturers Life Insurance Company now owns 58,872 shares of the technology company worth $2,331,000 after purchasing an additional 469 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of ACI Worldwide by 710.3% in the 2nd quarter. Millennium Management LLC now owns 94,542 shares of the technology company worth $3,743,000 after purchasing an additional 82,875 shares during the period. Institutional investors own 94.74% of the company’s shares.

About ACI Worldwide

(Get free report)

ACI Worldwide, Inc., a software company, develops, sells, deploys, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: banks, merchants, and billers. The company offers ACI Acquiring, a solution for processing credit, debit, and prepaid card transactions, delivering digital innovation and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offerings; and ACI Enterprise Payments Platform, which provides payment processing and orchestration capabilities for digital payments.

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