CWA Asset Management Group LLC Acquires Shares of 16,315 ACI Worldwide, Inc. (NASDAQ:ACIW)

CWA Asset Management Group LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,315 shares of the technology company's stock, valued at approximately $893,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC lifted its holdings in ACI Worldwide by 11.9% during the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares during the period. 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 purchasing an additional 410,142 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of ACI Worldwide by 5.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 144,122 shares of the technology company's stock worth $7,885,000 after purchasing an additional 8,023 shares during the period. AXA S.A. boosted its holdings in shares of ACI Worldwide by 11.6% in the 4th quarter. AXA S.A. now owns 144,007 shares of the technology company's stock worth $7,475,000 after buying an additional 14,994 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in ACI Worldwide during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

ACIW opened at $44.78 on Friday. The firm has a 50-day moving average price of $49.06 and a 200-day moving average price of $51.70. ACI Worldwide, Inc. has a twelve month low of $35.99 and a twelve month high of $59.71. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.63 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data 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 company had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same period last year, the firm earned $0.10 EPS. ACI Worldwide's revenue for the quarter was up 24.9% on a year-over-year basis. Equities analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Activity

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director now directly owns 34,388 shares in the company, valued at $1,632,742.24. This represents a 17.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $48.57 per share, with a total value of $242,850.00. Following the completion of the acquisition, the chief executive officer now owns 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 disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on ACIW. Jefferies Financial Group lowered their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ACI Worldwide has an average rating of "Moderate Buy" and a consensus price target of $60.00.

About ACI Worldwide

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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