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ACI Worldwide Inc. (ACIW) [hlAlert]

up 318.95 %

ACI Worldwide Inc. (ACIW) upgraded to Outperform with price target $18 by Wedbush Morgan

Posted on: Wednesday,  Oct 7, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform ACI Worldwide Inc. (NASDAQ: ACIW) on 10/07/2009, when the stock price was $5.03. Since
then, ACI Worldwide Inc. has gained 318.95% as of 01/07/2016's recent price of $21.07.
If you would have followed this Wedbush Morgan's recommendation on ACIW, you would have gained 318.95% of your investment in 2283 days.

ACI Worldwide, Inc. (ACI or ACI Worldwide) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. In addition to its own products, the Company distributes, or acts as a sales agent for, software developed by third parties. These products and services are used principally by financial institutions, retailers and electronic payment processors, both in domestic and international markets. Most of the Company?s products are sold and supported through distribution networks covering three geographic regions: the Americas, Europe/Middle East/Africa (EMEA) and Asia/Pacific. Each distribution network has its own sales force that it supplements with independent reseller and/or distributor networks. The Company?s products are marketed under the ACI Worldwide brand. ACI offers five primary software product lines: Retail Payment Engines, Risk Management, Payments Management, Wholesale Payments and Application Services Solutions.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/7/2009 9:25 AM Buy
5.03 5.94
as of 12/31/2009
1 Week up  40.59 %
1 Month up  51.94 %
3 Months up  64.30 %
1 YTD up  64.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/13/2009 9:25 AM Hold
4.44 4.46
3/11/2008 10:25 AM Hold
6.15 4.62
1/24/2008 10:25 AM Hold
4.47 4.29
12/18/2007 10:25 AM Hold
5.94 5.94
9/21/2007 11:25 AM Buy
7.88 9.90
8/10/2007 11:25 AM Buy
9.76 11.88

(*) Stock Price at the time of the recommendation.
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