ACI Worldwide Reaches New 52-Week High (ACIW)

NEW YORK ( TheStreet) -- ACI Worldwide (Nasdaq: ACIW) hit a new 52-week high Wednesday as it is currently trading at $37.97, above its previous 52-week high of $37.93 with 342,001 shares traded as of 1:15 p.m. ET. Average volume has been 214,200 shares over the past 30 days.

ACI Worldwide has a market cap of $1.05 billion and is part of the technology sector and computer software & services industry. Shares are up 27.2% year to date as of the close of trading on Tuesday.

ACI Worldwide, Inc. engages in developing, marketing, installing, and supporting software products and services to facilitate electronic payments in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has a P/E ratio of 45.2, above the average computer software & services industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ACI Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ACI Worldwide Ratings Report.

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