Cetera Investment Advisers Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Cetera Investment Advisers acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,123 shares of the technology company's stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in 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 buying an additional 298 shares during the period. Covestor Ltd boosted its holdings in shares of 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 buying an additional 419 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of ACI Worldwide by 278.3% in the 4th 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 in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of ACI Worldwide in the 4th quarter valued at $201,000. Finally, Nkcfo LLC acquired a new position in shares of ACI Worldwide in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW traded up $0.91 during mid-day trading on Tuesday, hitting $47.03. The company's stock had a trading volume of 311,744 shares, compared to its average volume of 736,348. The firm has a market capitalization of $4.93 billion, a PE ratio of 22.29 and a beta of 1.14. ACI Worldwide, Inc. has a one year low of $33.32 and a one year high of $59.71. The stock's 50-day moving average is $50.72 and its two-hundred day moving average is $52.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data 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. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The firm had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same period in the prior year, the company posted $0.10 earnings per share. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insiders Place Their Bets

In other ACI Worldwide news, CEO Thomas W. Warsop III bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the acquisition, the chief executive officer now owns 326,922 shares of the company's stock, valued at $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.