ACI Worldwide (NASDAQ:ACIW) Hits New 12-Month Low - Here's What Happened

Key Points

• ACI Worldwide's share price reached a new 52-week low of $41.55 during trading, closing last at $41.79, with a trading volume of 12,293 shares.
• Despite recent struggles, Wall Street analysts maintain a consensus of "Buy" for ACI Worldwide, with several firms raising their price targets to $60 on positive earnings reports and a projected growth outlook.
• Insider trading activity indicates mixed sentiments, as a director sold 7,194 shares while the CEO purchased 5,000 shares, highlighting differing perspectives on the company's future performance.

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $41.55 and last traded at $41.79, with a volume of 12293 shares. The stock had previously closed at $42.56.

Analysts Set New Price Targets

A number of research firms recently commented on ACIW. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research report on Thursday, July 17th. Jefferies Financial Group dropped their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd.

ACI Worldwide Trading Down 0.8%

The stock has a market cap of $4.36 billion, a P/E ratio of 16.37 and a beta of 1.07. The stock's 50-day moving average is $45.35 and its two-hundred day moving average is $49.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million for 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%. The business's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Buying and Selling at ACI Worldwide

In other news, Director Janet O. Estep sold 4,500 shares of the business'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 owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the sale, the director directly owned 34,388 shares in the company, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Trading of ACI Worldwide

Large investors have recently made changes to their positions in the stock. Hohimer Wealth Management LLC boosted its holdings in ACI Worldwide by 4.1% during the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company's stock worth $271,000 after buying an additional 197 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of ACI Worldwide by 5.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company's stock valued at $237,000 after acquiring an additional 207 shares during the period. HighTower Advisors LLC boosted its position in ACI Worldwide by 1.4% during the first quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company's stock worth $861,000 after purchasing an additional 212 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of ACI Worldwide by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company's stock worth $1,415,000 after buying an additional 223 shares during the period. Finally, Snowden Capital Advisors LLC lifted its position in shares of ACI Worldwide by 3.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 8,048 shares of the technology company's stock valued at $418,000 after buying an additional 246 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

About ACI Worldwide

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.