ACI Worldwide (NASDAQ:ACIW) Hits New 12-Month High at $43.28

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.28 and last traded at $43.21, with a volume of 42231 shares trading hands. The stock had previously closed at $42.31.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Craig Hallum raised their price objective on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Wednesday, May 1st. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, DA Davidson lifted their price target on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

ACI Worldwide Stock Performance

The company has a market capitalization of $4.54 billion, a PE ratio of 31.57 and a beta of 1.20. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $37.48 and its 200-day simple moving average is $33.80.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $316.02 million during the quarter, compared to analysts’ expectations of $305.25 million. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. On average, research analysts predict that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Insider Buying and Selling at ACI Worldwide

In other news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the sale, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the sale, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total transaction of $183,700.00. Following the completion of the sale, the director now owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in ACI Worldwide by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock worth $445,044,000 after purchasing an additional 196,099 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ACI Worldwide by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock valued at $129,134,000 after acquiring an additional 57,538 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock valued at $90,576,000 after acquiring an additional 18,229 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after acquiring an additional 180,600 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 9.7% in the 1st quarter. Hood River Capital Management LLC now owns 1,656,745 shares of the technology company’s stock valued at $55,021,000 after acquiring an additional 147,049 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

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.