IFP Advisors Inc Buys 7,982 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

IFP Advisors Inc grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 242.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,272 shares of the technology company's stock after purchasing an additional 7,982 shares during the period. IFP Advisors Inc's holdings in ACI Worldwide were worth $617,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ACIW. Norges Bank purchased a new stake in shares of ACI Worldwide during the 4th quarter worth $75,868,000. American Century Companies Inc. raised its stake in shares of ACI Worldwide by 206.2% during the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after buying an additional 677,143 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after buying an additional 459,821 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of ACI Worldwide by 160.4% during the 4th quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after buying an additional 415,612 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of ACI Worldwide by 267.7% during the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after buying an additional 410,142 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the transaction, the director owned 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas W. Warsop III bought 5,000 shares of the stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACIW. Stephens raised ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target for the company in a research note on Thursday, July 17th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. 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. Finally, DA Davidson raised 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 analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $60.00.

ACI Worldwide Stock Up 0.6%

Shares of ACIW traded up $0.25 during trading on Monday, reaching $45.05. The company's stock had a trading volume of 236,842 shares, compared to its average volume of 719,410. The company has a fifty day moving average of $45.85 and a two-hundred day moving average of $50.21. ACI Worldwide, Inc. has a twelve month low of $41.79 and a twelve month high of $59.71. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results 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 20.94% and a net margin of 16.12%. The company had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, sell-side analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

ACI Worldwide 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.