Jupiter Asset Management Ltd. Acquires New Stake in ACI Worldwide, Inc. $ACIW

Jupiter Asset Management Ltd. bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 58,045 shares of the technology company’s stock, valued at approximately $2,665,000. Jupiter Asset Management Ltd. owned 0.06% of ACI Worldwide at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACIW. N.E.W. Advisory Services LLC bought a new position in shares of ACI Worldwide during the first quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in ACI Worldwide during the 2nd quarter worth approximately $32,000. Cheviot Value Management LLC acquired a new position in shares of ACI Worldwide in the 1st quarter worth approximately $44,000. Geneos Wealth Management Inc. lifted its position in shares of ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock worth $48,000 after purchasing an additional 370 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after purchasing an additional 711 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACIW. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Down 0.9%

ACIW opened at $47.16 on Friday. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $59.71. The company’s 50-day moving average is $50.33 and its 200 day moving average is $48.06. The firm has a market capitalization of $4.86 billion, a P/E ratio of 19.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The business had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. During the same period last year, the company posted $0.77 earnings per share. ACI Worldwide’s quarterly revenue was up 6.8% compared to the same quarter last year. ACI Worldwide has set its FY 2025 guidance at EPS. Research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

ACI Worldwide 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.