Thomas W. Warsop III Purchases 5,000 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) CEO Thomas W. Warsop III purchased 5,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $48.57 per share, with a total value of $242,850.00. Following the acquisition, the chief executive officer now directly owns 326,922 shares in the company, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACI Worldwide Stock Up 4.7%

Shares of NASDAQ ACIW opened at $48.76 on Tuesday. The firm’s 50-day moving average price is $52.46 and its 200-day moving average price is $53.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.11 and a beta of 1.14. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71.

ACI Worldwide (NASDAQ:ACIW) last announced its 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 analysts’ expectations of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board grew its holdings in ACI Worldwide by 43.5% during the 1st quarter. Public Sector Pension Investment Board now owns 375,084 shares of the technology company’s stock valued at $20,521,000 after purchasing an additional 113,738 shares during the last quarter. Nuveen LLC bought a new position in ACI Worldwide during the 1st quarter valued at about $25,267,000. Invesco Ltd. raised its holdings in shares of ACI Worldwide by 0.7% in the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock worth $110,930,000 after buying an additional 14,278 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of ACI Worldwide by 1.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 896,169 shares of the technology company’s stock worth $49,029,000 after buying an additional 11,200 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of ACI Worldwide by 185.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,407 shares of the technology company’s stock worth $5,001,000 after buying an additional 59,410 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.00.

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.