ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells $200,970.00 in 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 dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director now directly owns 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

ACI Worldwide Trading Down 0.2%

ACIW traded down $0.11 during trading hours on Monday, reaching $44.48. The company's stock had a trading volume of 71,826 shares, compared to its average volume of 731,798. The stock has a market cap of $4.67 billion, a PE ratio of 17.50 and a beta of 1.08. ACI Worldwide, Inc. has a fifty-two week low of $36.78 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. The business's 50-day moving average is $48.92 and its 200-day moving average is $51.56.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACIW. Barclays PLC boosted its position 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 worth $13,136,000 after buying an additional 26,888 shares during the period. Bank of America Corp DE boosted its holdings in ACI Worldwide by 267.7% during the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after acquiring an additional 410,142 shares during the period. Harbor Capital Advisors Inc. boosted its holdings 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 acquiring an additional 8,023 shares during the period. Park Avenue Securities LLC acquired a new position in ACI Worldwide in the 1st quarter valued at about $202,000. Finally, AXA S.A. increased its stake in ACI Worldwide by 11.6% during the fourth quarter. AXA S.A. now owns 144,007 shares of the technology company's stock worth $7,475,000 after purchasing an additional 14,994 shares during the period. Institutional investors and hedge funds 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.

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