New Age Alpha Advisors LLC Purchases 58,931 Shares of ACI Worldwide, Inc. $ACIW

New Age Alpha Advisors LLC raised its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1,145.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,078 shares of the technology company’s stock after purchasing an additional 58,931 shares during the period. New Age Alpha Advisors LLC owned about 0.06% of ACI Worldwide worth $3,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP increased its holdings in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the period. Bessemer Group Inc. increased its holdings in shares of ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of ACI Worldwide in the 4th quarter valued at $37,000. Finally, State of Wyoming purchased a new position in shares of ACI Worldwide in the 2nd quarter valued at $37,000. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the purchase, the director directly owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juan Benitez II bought 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares in the company, valued at $707,313.90. The trade was a 16.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Down 0.9%

Shares of ACIW stock opened at $42.35 on Wednesday. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $54.28. The stock’s fifty day moving average price is $42.00 and its 200 day moving average price is $43.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 21.28 and a beta of 1.01.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts expect that ACI Worldwide, Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACIW. Weiss Ratings downgraded ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ACI Worldwide presently has a consensus rating of “Hold” and a consensus price target of $60.00.

ACI Worldwide Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.