EULAV Asset Management Buys 36,592 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

EULAV Asset Management boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 34.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,829 shares of the technology company's stock after acquiring an additional 36,592 shares during the quarter. EULAV Asset Management owned 0.13% of ACI Worldwide worth $7,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in ACI Worldwide in the first quarter valued at $25,000. Covestor Ltd increased its stake in ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares during the last quarter. Wayfinding Financial LLC bought a new position in ACI Worldwide in the first quarter valued at $39,000. Versant Capital Management Inc increased its stake in ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after acquiring an additional 485 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after acquiring an additional 1,397 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Down 1.1%

Shares of NASDAQ ACIW traded down $0.50 during trading hours on Wednesday, hitting $45.43. The company's stock had a trading volume of 652,763 shares, compared to its average volume of 729,549. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 17.89 and a beta of 1.06. ACI Worldwide, Inc. has a 12 month low of $38.59 and a 12 month high of $59.71. The business has a 50-day simple moving average of $47.32 and a 200-day simple moving average of $50.85.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued 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. The business had revenue of $394.57 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.10 earnings per share. On average, analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction that occurred 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 approximately $1,632,742.24. The trade was a 17.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer owned 326,922 shares in the company, valued at approximately $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research note on Monday, May 12th. Jefferies Financial Group reduced their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

ACI Worldwide 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.