Insider Selling: ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells 4,500 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the transaction, the director now directly owns 77,631 shares of the company's stock, valued at $3,467,000.46. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

ACI Worldwide Stock Up 0.5%

Shares of NASDAQ ACIW traded up $0.23 on Thursday, hitting $45.41. The company had a trading volume of 471,162 shares, compared to its average volume of 732,545. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide, Inc. has a 12-month low of $37.84 and a 12-month high of $59.71. The firm has a market capitalization of $4.76 billion, a P/E ratio of 17.88 and a beta of 1.07. The business has a 50 day moving average of $48.43 and a two-hundred day moving average of $51.34.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. ACI Worldwide's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ACI Worldwide has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of ACI Worldwide by 11.9% during the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company's stock valued at $13,136,000 after acquiring an additional 26,888 shares in the last quarter. Bank of America Corp DE boosted its holdings in ACI Worldwide by 267.7% in the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after purchasing an additional 410,142 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in ACI Worldwide by 5.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 144,122 shares of the technology company's stock valued at $7,885,000 after purchasing an additional 8,023 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in ACI Worldwide during the 1st quarter worth approximately $202,000. Finally, AXA S.A. raised its position in shares of ACI Worldwide by 11.6% in the 4th quarter. AXA S.A. now owns 144,007 shares of the technology company's stock valued at $7,475,000 after purchasing an additional 14,994 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Company Profile

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.