BTIG Initiates a Buy Rating on ACI Worldwide (ACIW)

BTIG analyst Mark Palmer initiated coverage with a Buy rating on ACI Worldwide (ACIWResearch Report) yesterday and set a price target of $40. The company’s shares closed last Monday at $31.96.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 15.5% and a 70.0% success rate. Palmer covers the Financial sector, focusing on stocks such as Sutter Rock Capital Corp, Repay Holdings Corp, and Genworth Financial.

ACI Worldwide has an analyst consensus of Moderate Buy, with a price target consensus of $38.

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The company has a one-year high of $35.86 and a one-year low of $24.02. Currently, ACI Worldwide has an average volume of 751.3K.

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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, ACI on Demand, and Corporate and Other.