Two Sigma Advisers LP bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,500 shares of the technology company's stock, valued at approximately $649,000.
Several other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 298 shares in the last quarter. Covestor Ltd grew its stake in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after acquiring an additional 1,397 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of ACI Worldwide during the fourth quarter valued at about $201,000. Finally, Nkcfo LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter valued at about $208,000. 94.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ACIW. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group decreased their price target on 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, DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.
Read Our Latest Research Report on ACIW
Insider Buying and Selling
In related news, CEO Thomas W. Warsop III bought 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.
ACI Worldwide Price Performance
Shares of ACIW traded up $0.33 during midday trading on Friday, reaching $47.30. The stock had a trading volume of 560,301 shares, compared to its average volume of 736,315. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $4.96 billion, a P/E ratio of 22.42 and a beta of 1.07. The firm's 50 day moving average price is $50.06 and its 200-day moving average price is $52.37. ACI Worldwide, Inc. has a 52 week low of $33.32 and a 52 week high of $59.71.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. ACI Worldwide's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.
About ACI Worldwide
(
Free Report)
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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