59,658 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Bought by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,658 shares of the technology company's stock, valued at approximately $3,264,000. ACI Worldwide accounts for 2.0% of Decker Retirement Planning Inc.'s portfolio, making the stock its 8th largest holding. Decker Retirement Planning Inc. owned 0.06% of ACI Worldwide at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Ironwood Investment Management LLC increased its stake in ACI Worldwide by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company's stock worth $1,565,000 after buying an additional 227 shares in the last quarter. Snowden Capital Advisors LLC boosted 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 acquiring an additional 246 shares during the last quarter. Corient Private Wealth LLC grew its stake in ACI Worldwide by 5.0% during the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock valued at $293,000 after acquiring an additional 267 shares in the last quarter. Blue Trust Inc. increased its holdings in ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after acquiring an additional 298 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in shares of ACI Worldwide by 3.3% in 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 in the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Transactions at ACI Worldwide

In related news, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the transaction, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

ACI Worldwide Trading Up 0.1%

ACI Worldwide stock traded up $0.03 during midday trading on Tuesday, reaching $45.94. The stock had a trading volume of 654,597 shares, compared to its average volume of 730,218. ACI Worldwide, Inc. has a 52-week low of $38.59 and a 52-week high of $59.71. The company has a fifty day moving average of $48.24 and a 200 day moving average of $51.18. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 18.09 and a beta of 1.08. 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 issued its 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 net margin of 16.12% and a return on equity of 20.94%. The company had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. During the same period in the prior year, the business earned $0.10 EPS. The firm's quarterly revenue was up 24.9% on a year-over-year basis. On average, analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ACIW. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, May 12th. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.