Prescott Group Capital Management L.L.C. Lowers Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• Prescott Group Capital Management L.L.C. reduced its stake in ACI Worldwide by 33.3%, selling 10,000 shares and retaining 20,000 shares, valued at approximately $1,094,000.
• ACI Worldwide reported a strong financial performance with $0.51 earnings per share for the latest quarter, exceeding analysts' expectations and demonstrating a 24.9% increase in revenue year-over-year.
• Several analysts have recently upgraded ACI Worldwide's stock ratings, with a consensus target price of $60.00, indicating a positive outlook for the company.

Prescott Group Capital Management L.L.C. lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 33.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the technology company's stock after selling 10,000 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in ACI Worldwide were worth $1,094,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in ACI Worldwide during the 1st quarter worth $25,000. Covestor Ltd boosted its stake in ACI Worldwide by 239.4% during the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after purchasing an additional 419 shares during the period. Wayfinding Financial LLC acquired a new stake in ACI Worldwide during the 1st quarter worth $39,000. Versant Capital Management Inc boosted its stake in ACI Worldwide by 121.3% during the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock worth $48,000 after purchasing an additional 485 shares during the period. Finally, Archer Investment Corp acquired a new stake in ACI Worldwide during the 1st quarter worth $159,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Transactions at ACI Worldwide

In other news, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

ACIW has been the subject of several recent analyst reports. Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a research note on Thursday, July 17th. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Monday, May 12th. Jefferies Financial Group reduced their target price 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 note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $60.00.

ACI Worldwide Price Performance

NASDAQ:ACIW traded down $0.15 during mid-day trading on Friday, hitting $44.80. 849,541 shares of the company's stock traded hands, compared to its average volume of 635,203. 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 firm's 50 day simple moving average is $45.85 and its 200 day simple moving average is $50.22. ACI Worldwide, Inc. has a 1 year low of $41.79 and a 1 year high of $59.71. The company has a market cap of $4.70 billion, a PE ratio of 17.64 and a beta of 1.06.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating 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 firm had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same period last year, the firm posted $0.10 EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

About ACI Worldwide

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.