ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) CEO Thomas W. Warsop III bought 5,000 shares of the stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $48.57 per share, with a total value of $242,850.00. Following the completion of the transaction, the chief executive officer now directly owns 326,922 shares in the company, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
ACI Worldwide Stock Down 0.2%
Shares of ACIW stock traded down $0.09 on Thursday, hitting $49.12. The stock had a trading volume of 230,435 shares, compared to its average volume of 718,327. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $52.31 and a 200 day moving average price of $53.13. The company has a market cap of $5.17 billion, a PE ratio of 23.25 and a beta of 1.14. ACI Worldwide, Inc. has a one year low of $33.32 and a one year high of $59.71.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The firm had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm's quarterly revenue was up 24.9% on a year-over-year basis. Research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ACI Worldwide
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in ACI Worldwide by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after buying an additional 189,980 shares during the last quarter. Hood River Capital Management LLC boosted its position in ACI Worldwide by 3.1% in the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock valued at $175,171,000 after buying an additional 100,311 shares during the last quarter. Geode Capital Management LLC boosted its position in ACI Worldwide by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after buying an additional 459,821 shares during the last quarter. North Reef Capital Management LP boosted its position in ACI Worldwide by 18.3% in the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock valued at $111,139,000 after buying an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in ACI Worldwide by 0.7% in the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company's stock valued at $110,930,000 after acquiring an additional 14,278 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. StockNews.com upgraded ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.
Read Our Latest Report on ACIW
About ACI Worldwide
(
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ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
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