Sherbrooke Park Advisers LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,273 shares of the technology company's stock, valued at approximately $429,000.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of ACI Worldwide by 104.9% in 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 last quarter. Covestor Ltd grew its holdings in shares of ACI Worldwide by 239.4% during 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 last quarter. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after acquiring an additional 1,397 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in ACI Worldwide in the 4th quarter worth approximately $201,000. Finally, Nkcfo LLC purchased a new position in ACI Worldwide in the 4th quarter worth approximately $208,000. Institutional investors own 94.74% of the company's stock.
ACI Worldwide Stock Performance
Shares of ACIW traded up $0.40 during mid-day trading on Friday, hitting $46.87. 292,381 shares of the company traded hands, compared to its average volume of 751,637. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 22.23 and a beta of 1.14. The stock has a 50-day moving average price of $51.79 and a two-hundred day moving average price of $53.05. ACI Worldwide, Inc. has a 1 year low of $33.31 and a 1 year high of $59.71. 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 announced its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Equities analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.
Analyst Ratings Changes
ACIW has been the topic of several recent analyst reports. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ACI Worldwide has a consensus rating of "Moderate Buy" and an average price target of $60.00.
Get Our Latest Stock Analysis on ACIW
Insider Buying and Selling at ACI Worldwide
In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the transaction, the director now directly owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas W. Warsop III bought 5,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.
About ACI Worldwide
(
Free Report)
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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