ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 92,605.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,687 shares of the technology company's stock after buying an additional 16,669 shares during the quarter. NBC Securities Inc.'s holdings in ACI Worldwide were worth $912,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in ACI Worldwide by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after buying an additional 189,980 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of ACI Worldwide by 3.1% in the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock worth $175,171,000 after purchasing an additional 100,311 shares during the period. Geode Capital Management LLC raised its stake in ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after purchasing an additional 459,821 shares during the last quarter. North Reef Capital Management LP raised its holdings in ACI Worldwide by 18.3% in the 4th quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock valued at $111,139,000 after acquiring an additional 331,000 shares in the last quarter. Finally, Invesco Ltd. raised its stake in ACI Worldwide by 8.5% during the fourth quarter. Invesco Ltd. now owns 2,013,328 shares of the technology company's stock worth $104,512,000 after acquiring an additional 157,303 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACIW shares. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Monday, May 12th. 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 note on Tuesday, May 27th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Two investment 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.00.

Insiders Place Their Bets

In other news, 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 now owns 326,922 shares in the company, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW stock traded up $0.35 during trading on Thursday, reaching $46.97. 560,621 shares of the company's stock traded hands, compared to its average volume of 735,454. ACI Worldwide, Inc. has a 1 year low of $33.32 and a 1 year high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.93 billion, a P/E ratio of 22.26 and a beta of 1.14. The firm's 50-day moving average is $50.40 and its 200 day moving average is $52.47.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company's revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

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.