State of Wyoming Acquires Shares of 8,428 ACI Worldwide, Inc. (NASDAQ:ACIW)

State of Wyoming bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,428 shares of the technology company's stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACIW. Vanguard Group Inc. boosted its stake in shares of ACI Worldwide by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after purchasing an additional 189,980 shares in the last quarter. Hood River Capital Management LLC boosted its position in 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 valued at $175,171,000 after buying an additional 100,311 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 last quarter. North Reef Capital Management LP grew its stake in shares of ACI Worldwide by 18.3% during the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock worth $111,139,000 after buying an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of 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 buying an additional 157,303 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACIW. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a 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. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

ACI Worldwide Stock Down 0.4%

NASDAQ ACIW traded down $0.18 during mid-day trading on Monday, hitting $46.29. The company's stock had a trading volume of 1,010,967 shares, compared to its average volume of 736,847. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 21.94 and a beta of 1.14. The company's 50 day simple moving average is $51.67 and its 200 day simple moving average is $52.97. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.67% and a net margin of 14.04%. The business had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. During the same period last year, the business earned $0.10 EPS. The business's revenue was up 24.9% on a year-over-year basis. Analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas W. Warsop III acquired 5,000 shares of ACI Worldwide stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost 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 trade represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.