5,940 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,940 shares of the technology company's stock, valued at approximately $308,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares during the period. Covestor Ltd lifted its stake in ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after buying an additional 419 shares during the period. Versant Capital Management Inc lifted its stake 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 buying an additional 485 shares during the period. Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after buying an additional 1,397 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new position in ACI Worldwide in the fourth quarter valued at approximately $201,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at ACI Worldwide

In related news, CEO Thomas W. Warsop III purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the transaction, the chief executive officer now owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $46.97 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71. The stock's 50 day moving average is $50.25 and its 200-day moving average is $52.42. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.26 and a beta of 1.14.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The company 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 21.67% and a net margin of 14.04%. ACI Worldwide's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

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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