Gallacher Capital Management LLC Buys Shares of 5,773 ACI Worldwide, Inc. (NASDAQ:ACIW)

Gallacher Capital Management LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,773 shares of the technology company's stock, valued at approximately $316,000.

Several other large investors also recently modified their holdings of ACIW. Raymond James Financial Inc. bought a new position in shares of ACI Worldwide during the fourth quarter valued at $5,292,000. HighTower Advisors LLC lifted its holdings in shares of ACI Worldwide by 10.7% during the fourth quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company's stock valued at $806,000 after acquiring an additional 1,507 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of ACI Worldwide by 5.0% during the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock valued at $293,000 after acquiring an additional 267 shares during the period. Xponance Inc. raised its stake in shares of ACI Worldwide by 10.2% in the fourth quarter. Xponance Inc. now owns 7,604 shares of the technology company's stock valued at $395,000 after acquiring an additional 702 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of ACI Worldwide by 35.8% in the fourth quarter. Teacher Retirement System of Texas now owns 128,554 shares of the technology company's stock valued at $6,673,000 after acquiring an additional 33,870 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ACIW shares. Jefferies Financial Group cut their target price 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. 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. Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a research note on Thursday, July 17th. Finally, DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $60.00.

Insider Buying and Selling

In other ACI Worldwide 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 transaction of $200,970.00. Following the completion of the sale, the director owned 77,631 shares in the company, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas W. Warsop III bought 5,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the transaction, the chief executive officer directly owned 326,922 shares in the company, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

ACI Worldwide Trading Down 0.2%

ACIW stock traded down $0.10 during trading on Friday, hitting $44.85. The company had a trading volume of 83,920 shares, compared to its average volume of 717,753. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $46.00 and a 200-day moving average price of $50.33. ACI Worldwide, Inc. has a 12 month low of $41.79 and a 12 month high of $59.71. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 17.67 and a beta of 1.06.

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

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.