112,868 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gallacher Capital Management LLC purchased a new stake in shares of ACI Worldwide in the first quarter valued at about $316,000. Teachers Retirement System of The State of Kentucky increased its position in ACI Worldwide by 34.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 51,125 shares of the technology company's stock worth $2,798,000 after purchasing an additional 13,100 shares during the last quarter. IFP Advisors Inc grew its stake in ACI Worldwide by 242.6% during the first quarter. IFP Advisors Inc now owns 11,272 shares of the technology company's stock worth $617,000 after buying an additional 7,982 shares during the period. Private Advisor Group LLC purchased a new position in shares of ACI Worldwide in the first quarter valued at $226,000. Finally, Archer Investment Corp acquired a new stake in ACI Worldwide during the 1st quarter valued at $159,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ACIW shares. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price on the stock in a research note on Thursday, July 17th. DA Davidson raised 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 note on Monday, May 12th. Finally, Jefferies Financial Group dropped their target price 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide currently has an average rating of "Buy" and a consensus price target of $60.00.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded up $0.07 during trading on Wednesday, reaching $43.71. The stock had a trading volume of 787,160 shares, compared to its average volume of 677,600. ACI Worldwide, Inc. has a 52 week low of $41.79 and a 52 week high of $59.71. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 17.21 and a beta of 1.06. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $45.63 and a two-hundred day simple moving average of $50.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Activity

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the transaction, the director directly owned 34,388 shares in the company, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the 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 completion of the sale, the director owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.