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Are Computer and Technology Stocks Lagging ACI Worldwide (ACIW) This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ACI Worldwide (ACIW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
ACI Worldwide is a member of the Computer and Technology sector. This group includes 612 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ACI Worldwide is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACIW's full-year earnings has moved 6.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACIW has returned 25.4% so far this year. In comparison, Computer and Technology companies have returned an average of 8.9%. This means that ACI Worldwide is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Cadence Design Systems (CDNS - Free Report) . The stock is up 10.3% year-to-date.
The consensus estimate for Cadence Design Systems' current year EPS has increased 0.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACI Worldwide belongs to the Computer - Software industry, which includes 22 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 22.3% this year, meaning that ACIW is performing better in terms of year-to-date returns. Cadence Design Systems is also part of the same industry.
Investors interested in the Computer and Technology sector may want to keep a close eye on ACI Worldwide and Cadence Design Systems as they attempt to continue their solid performance.
Image: Bigstock
Are Computer and Technology Stocks Lagging ACI Worldwide (ACIW) This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ACI Worldwide (ACIW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
ACI Worldwide is a member of the Computer and Technology sector. This group includes 612 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ACI Worldwide is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACIW's full-year earnings has moved 6.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACIW has returned 25.4% so far this year. In comparison, Computer and Technology companies have returned an average of 8.9%. This means that ACI Worldwide is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Cadence Design Systems (CDNS - Free Report) . The stock is up 10.3% year-to-date.
The consensus estimate for Cadence Design Systems' current year EPS has increased 0.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACI Worldwide belongs to the Computer - Software industry, which includes 22 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 22.3% this year, meaning that ACIW is performing better in terms of year-to-date returns. Cadence Design Systems is also part of the same industry.
Investors interested in the Computer and Technology sector may want to keep a close eye on ACI Worldwide and Cadence Design Systems as they attempt to continue their solid performance.