ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,806 shares of the technology company's stock after purchasing an additional 6,588 shares during the period. Janney Montgomery Scott LLC's holdings in ACI Worldwide were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of ACI Worldwide during the 4th quarter worth about $75,868,000. American Century Companies Inc. grew its stake in ACI Worldwide by 206.2% during the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after buying an additional 677,143 shares during the period. Geode Capital Management LLC grew its stake in ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after buying an additional 459,821 shares during the period. Ameriprise Financial Inc. increased its position in shares of ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after acquiring an additional 415,612 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of ACI Worldwide by 267.7% in the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after acquiring an additional 410,142 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.

Analyst Ratings Changes

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

ACI Worldwide Stock Up 0.1%

Shares of ACIW stock traded up $0.03 on Tuesday, hitting $45.94. The stock had a trading volume of 655,385 shares, compared to its average volume of 725,164. The stock's 50 day moving average is $48.14 and its 200-day moving average is $51.14. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 18.09 and a beta of 1.06. ACI Worldwide, Inc. has a 52-week low of $38.59 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50.

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 analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $394.57 million for 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%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Activity 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 in the company, valued at $1,632,742.24. The trade was a 17.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas W. Warsop III bought 5,000 shares of ACI Worldwide stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the completion of the purchase, the chief executive officer owned 326,922 shares in the company, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

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.