ProShare Advisors LLC Buys 9,786 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

ProShare Advisors LLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,774 shares of the technology company's stock after buying an additional 9,786 shares during the period. ProShare Advisors LLC's holdings in ACI Worldwide were worth $1,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACIW. Barclays PLC boosted its holdings in ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company's stock worth $11,513,000 after acquiring an additional 160,425 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ACI Worldwide by 30.7% during the fourth quarter. SG Americas Securities LLC now owns 10,140 shares of the technology company's stock worth $526,000 after purchasing an additional 2,381 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of ACI Worldwide by 56.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock worth $946,000 after purchasing an additional 6,602 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of ACI Worldwide in the 4th quarter worth $219,000. Finally, Blue Trust Inc. grew its position in ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares during the period. 94.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Monday, May 12th. StockNews.com upgraded shares of ACI Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

Insider Buying and Selling

In other news, CEO Thomas W. Warsop III acquired 5,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares in the company, valued at approximately $15,878,601.54. This represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

ACI Worldwide Stock Down 4.4%

Shares of NASDAQ:ACIW opened at $45.70 on Thursday. The business's 50 day moving average is $51.93 and its 200 day moving average is $53.08. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 21.66 and a beta of 1.14. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data 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. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The firm had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. During the same period in the previous year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal 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.

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