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

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

Several other large investors have also modified their holdings of ACIW. Opal Wealth Advisors LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. Blue Trust Inc. boosted its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after purchasing an additional 298 shares during the period. Covestor Ltd increased its holdings in ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares during the last quarter. Versant Capital Management Inc raised its position in ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after purchasing an additional 485 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after purchasing an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a 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 objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide Stock Up 1.5%

ACIW stock traded up $0.67 during mid-day trading on Tuesday, reaching $46.04. The company had a trading volume of 565,768 shares, compared to its average volume of 733,369. The firm has a fifty day simple moving average of $48.78 and a 200 day simple moving average of $51.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 18.13 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.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly 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 the consensus estimate of $364.36 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm's quarterly revenue was up 24.9% on a year-over-year basis. Analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the transaction, the director now owns 77,631 shares in the company, 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 accessible through this link. Also, Director Mary P. Harman sold 7,194 shares of the business's 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 now directly owns 34,388 shares of the company's stock, 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. 1.10% of the stock is owned by company insiders.

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.