27,882 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Bought by Advisor Resource Council

Advisor Resource Council bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,882 shares of the technology company's stock, valued at approximately $1,452,000.

Several other large investors have also recently bought and sold shares of ACIW. Barclays PLC increased its position in shares of ACI Worldwide by 11.9% during the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after purchasing an additional 26,888 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 buying an additional 410,142 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in ACI Worldwide by 5.9% during the first quarter. Harbor Capital Advisors Inc. now owns 144,122 shares of the technology company's stock worth $7,885,000 after buying an additional 8,023 shares during the last quarter. AXA S.A. increased its holdings 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 buying an additional 14,994 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in ACI Worldwide during the first quarter worth $202,000. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACIW stock traded down $0.19 during midday trading on Friday, reaching $44.59. 1,198,650 shares of the company were exchanged, compared to its average volume of 734,361. ACI Worldwide, Inc. has a one year low of $36.78 and a one year high of $59.71. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 17.56 and a beta of 1.08. The business has a 50-day moving average price of $48.92 and a two-hundred day moving average price of $51.56. 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 posted its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The company had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter last year, the company posted $0.10 EPS. ACI Worldwide's quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CEO Thomas W. Warsop III acquired 5,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director now directly owns 34,388 shares in the company, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% 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.