D.A. Davidson analyst Peter Heckmann maintained a Buy rating on ACI Worldwide (ACIW – Research Report) today and set a price target of $37.00. The company’s shares closed yesterday at $31.34.
Heckmann covers the Technology sector, focusing on stocks such as Envestnet, Jack Henry & Associates, and Broadridge Financial Solutions. According to TipRanks, Heckmann has an average return of 7.0% and a 59.57% success rate on recommended stocks.
Currently, the analyst consensus on ACI Worldwide is a Strong Buy with an average price target of $34.75.
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Based on ACI Worldwide’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $363.02 million and a net profit of $37.91 million. In comparison, last year the company earned a revenue of $306.59 million and had a net profit of $23.12 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACIW in relation to earlier this year.
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ACI Worldwide (ACIW) Company Description:
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand.. The ACI on Premise segment serves customers who manage their software on site. The ACI on Demand segment covers the needs of banks, financial intermediaries, merchants, and corporates who use payments to facilitate their core business. The company was founded in 1975 and is headquartered in Naples, FL.
