Janney Montgomery Scott LLC Has $1.36 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Janney Montgomery Scott LLC lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,806 shares of the technology company's stock after buying an additional 6,588 shares during the quarter. Janney Montgomery Scott LLC's holdings in ACI Worldwide were worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACIW. Blue Trust Inc. grew its stake in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares in the last quarter. Ieq Capital LLC bought a new position in shares of ACI Worldwide in the fourth quarter valued at $287,000. Y Intercept Hong Kong Ltd bought a new position in shares of ACI Worldwide in the fourth quarter valued at $256,000. Fisher Asset Management LLC grew its stake in shares of ACI Worldwide by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 465,012 shares of the technology company's stock valued at $24,139,000 after buying an additional 2,041 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of ACI Worldwide by 66.3% in the fourth quarter. US Bancorp DE now owns 6,107 shares of the technology company's stock valued at $317,000 after buying an additional 2,434 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at ACI Worldwide

In related news, Director Janet O. Estep sold 4,500 shares of the business'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 now owns 77,631 shares of the company's stock, valued at $3,467,000.46. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares of the company's stock, valued at $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. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock traded up $0.08 during trading on Friday, reaching $45.49. The company's stock had a trading volume of 725,725 shares, compared to its average volume of 727,782. The business's 50-day moving average price is $48.32 and its 200-day moving average price is $51.26. The firm has a market cap of $4.77 billion, a PE ratio of 17.91 and a beta of 1.07. ACI Worldwide, Inc. has a 52 week low of $38.59 and a 52 week 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.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The company 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

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.