ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 64.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,611 shares of the technology company's stock after purchasing an additional 34,814 shares during the quarter. Ritholtz Wealth Management owned about 0.08% of ACI Worldwide worth $4,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACIW. Empowered Funds LLC bought a new position in ACI Worldwide during the fourth quarter valued at approximately $517,000. Savant Capital LLC lifted its position in ACI Worldwide by 12.3% during the fourth quarter. Savant Capital LLC now owns 5,381 shares of the technology company's stock valued at $279,000 after purchasing an additional 590 shares during the period. Blue Trust Inc. lifted its position in ACI Worldwide by 104.9% during the fourth 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. Congress Asset Management Co. bought a new position in ACI Worldwide during the fourth quarter valued at approximately $55,998,000. Finally, Nkcfo LLC bought a new position in ACI Worldwide during the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Down 3.9%

ACI Worldwide stock traded down $1.81 during trading hours on Friday, hitting $45.07. The company had a trading volume of 645,654 shares, compared to its average volume of 738,302. The firm has a market cap of $4.73 billion, a P/E ratio of 21.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 1 year low of $35.30 and a 1 year high of $59.71. The company has a 50-day moving average price of $49.57 and a two-hundred day moving average price of $51.99.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $394.57 million during 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 quarterly 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. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of research analyst reports. 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 research report on Monday, May 12th. 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. Finally, Jefferies Financial Group decreased their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Insider Activity

In related news, CEO Thomas W. Warsop III acquired 5,000 shares of ACI Worldwide stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction on 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 now owns 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.