ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells $341,571.12 in Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director now owns 34,388 shares in the company, valued at $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ACI Worldwide Trading Down 3.9%

Shares of ACI Worldwide stock opened at $45.07 on Friday. ACI Worldwide, Inc. has a 52-week low of $34.96 and a 52-week high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $49.57 and its 200-day simple moving average is $52.02. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 21.36 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. As a group, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACIW. Wall Street Zen upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd. Jefferies Financial Group dropped their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, May 27th. Finally, DA Davidson upgraded 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. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Trading of ACI Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in ACI Worldwide during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in ACI Worldwide during the first quarter worth about $25,000. Blue Trust Inc. boosted its holdings in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after buying an additional 298 shares in the last quarter. Covestor Ltd boosted its holdings in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after buying an additional 419 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in ACI Worldwide during the first quarter worth about $39,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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.