ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 746,888 shares of the technology company's stock after selling 36,630 shares during the period. Bank of New York Mellon Corp owned about 0.71% of ACI Worldwide worth $40,862,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $25,000. Covestor Ltd increased its position 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 purchasing an additional 419 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $39,000. Versant Capital Management Inc increased its position in shares of ACI Worldwide by 121.3% in 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, Farther Finance Advisors LLC increased its position 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 purchasing an additional 1,397 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer directly owned 326,922 shares in the company, valued at approximately $15,878,601.54. This trade represents 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 the SEC website. Also, 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 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACIW. 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. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Monday, May 12th. Finally, Jefferies Financial Group lowered their target price on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

ACI Worldwide Stock Up 1.1%

Shares of ACI Worldwide stock traded up $0.48 during trading hours on Wednesday, hitting $44.26. The company had a trading volume of 692,592 shares, compared to its average volume of 727,236. The company's 50-day moving average is $46.29 and its two-hundred day moving average is $50.56. ACI Worldwide, Inc. has a twelve month low of $40.94 and a twelve month high of $59.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $4.64 billion, a P/E ratio of 17.43 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. ACI Worldwide's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal 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.