IFP Advisors Inc Has $617,000 Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in ACI Worldwide during the first quarter valued at $25,000. Covestor Ltd boosted its stake in shares of ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after acquiring an additional 419 shares during the period. Wayfinding Financial LLC bought a new position in shares of ACI Worldwide during the 1st quarter valued at approximately $39,000. Versant Capital Management Inc increased its position in shares of ACI Worldwide by 121.3% during the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after purchasing an additional 485 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in shares of ACI Worldwide during the first quarter valued at approximately $159,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Buying and Selling

In related news, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the sale, the director directly owned 34,388 shares of the company's stock, valued at $1,632,742.24. The trade was a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 77,631 shares of the company's stock, valued at $3,467,000.46. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACIW shares. 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. 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 note on Tuesday, May 27th. 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. Finally, Stephens upgraded shares of 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has a consensus rating of "Buy" and a consensus price target of $60.00.

ACI Worldwide Trading Down 0.3%

Shares of ACIW stock traded down $0.15 on Friday, reaching $44.80. 849,541 shares of the stock were exchanged, compared to its average volume of 635,203. The firm has a 50 day moving average of $45.85 and a two-hundred day moving average of $50.23. 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, Inc. has a 1-year low of $41.79 and a 1-year high of $59.71. The stock has a market cap of $4.70 billion, a P/E ratio of 17.64 and a beta of 1.06.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS 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 business had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. During the same quarter last year, the company posted $0.10 earnings per share. The company's quarterly revenue was up 24.9% compared to the same quarter last year. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current 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.