Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 112,868 ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment in ACI Worldwide, acquiring 112,868 shares valued at approximately $6.18 million, which brings their ownership to 0.11% as of the latest SEC filing.
• ACI Worldwide recently reported $0.51 EPS for the quarter, exceeding analysts' expectations of $0.33, with revenue of $394.57 million, marking a 24.9% increase year-over-year.
• Equity analysts remain optimistic about ACI Worldwide, with multiple upgrades leading to an average price target of $60.00 and strong buy recommendations from several firms.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 112,868 shares of the technology company's stock, valued at approximately $6,175,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of ACI Worldwide at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its position in shares of ACI Worldwide by 11.9% in the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in ACI Worldwide by 4,756.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company's stock worth $1,018,000 after purchasing an additional 18,218 shares during the period. Principal Financial Group Inc. raised its holdings in shares of ACI Worldwide by 2.3% during the first quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company's stock valued at $30,530,000 after purchasing an additional 12,534 shares during the period. GAMMA Investing LLC raised its stake in ACI Worldwide by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock worth $179,000 after buying an additional 642 shares during the period. Finally, Bank of America Corp DE grew its position in ACI Worldwide by 267.7% in the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after purchasing an additional 410,142 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACIW shares. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Monday, May 12th. Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research note on Thursday, July 17th. Finally, Jefferies Financial Group dropped their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ACI Worldwide currently has an average rating of "Buy" and a consensus target price of $60.00.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer directly owned 326,922 shares in the company, valued at $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the transaction, the director owned 77,631 shares of the company's stock, valued at $3,467,000.46. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded down $0.28 during trading on Monday, hitting $44.52. The stock had a trading volume of 1,010,234 shares, compared to its average volume of 725,350. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 17.53 and a beta of 1.06. ACI Worldwide, Inc. has a 12 month low of $41.79 and a 12 month high of $59.71. The business's 50-day moving average is $45.85 and its 200 day moving average is $50.21. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its 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. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The company had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same quarter last year, the firm earned $0.10 EPS. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share 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.