ACI Worldwide, Inc. (NASDAQ:ACIW) is Global Alpha Capital Management Ltd.'s 7th Largest Position

Key Points

• Global Alpha Capital Management Ltd. increased its stake in ACI Worldwide by 1.3%, totaling 896,169 shares, making it the firm's 7th largest holding.
• ACI Worldwide reported a quarterly earnings per share (EPS) of $0.35, surpassing analyst expectations of $0.27, with a revenue of $401.26 million.
• Insider sales included Director Janet O. Estep selling 4,500 shares at an average price of $44.66, reflecting a 5.48% decrease in her ownership.

Global Alpha Capital Management Ltd. lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 896,169 shares of the technology company's stock after purchasing an additional 11,200 shares during the period. ACI Worldwide accounts for 3.6% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 7th largest holding. Global Alpha Capital Management Ltd. owned 0.85% of ACI Worldwide worth $49,029,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hohimer Wealth Management LLC increased its position in ACI Worldwide by 4.1% in the 1st quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company's stock valued at $271,000 after acquiring an additional 197 shares during the period. Snowden Capital Advisors LLC increased its position in shares of ACI Worldwide by 3.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,048 shares of the technology company's stock worth $418,000 after buying an additional 246 shares during the period. Summit Investment Advisors Inc. increased its position in shares of ACI Worldwide by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,034 shares of the technology company's stock worth $573,000 after buying an additional 350 shares during the period. Cetera Investment Advisers increased its position in shares of ACI Worldwide by 6.7% during the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company's stock worth $357,000 after buying an additional 408 shares during the period. Finally, Covestor Ltd increased its position in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ACI Worldwide

In related news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director directly owned 34,388 shares of the company's stock, valued at $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the transaction, the director owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of research reports. Wall Street Zen cut shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group decreased their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Stephens raised ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective on the stock in a research report on Thursday, July 17th. Finally, DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Monday, May 12th.

ACI Worldwide Trading Up 4.4%

NASDAQ:ACIW traded up $1.95 during midday trading on Tuesday, reaching $46.34. 1,155,600 shares of the stock traded hands, compared to its average volume of 748,805. The company has a fifty day moving average of $45.06 and a 200 day moving average of $49.44. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.55 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The business had revenue of $401.26 million for the quarter, compared to the consensus estimate of $380.45 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. On average, research analysts predict 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.