Insider Buying: ACI Worldwide (NASDAQ:ACIW) Director Acquires 3,000 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio Sanchez purchased 3,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the purchase, the director owned 64,378 shares in the company, valued at approximately $2,638,210.44. This trade represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $41.41 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.21 billion, a PE ratio of 19.08 and a beta of 1.07. The firm’s 50-day simple moving average is $43.43 and its 200 day simple moving average is $47.06. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.ACI Worldwide’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, equities research analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently bought and sold shares of ACIW. Franklin Resources Inc. raised its position in shares of ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares during the period. Millennium Management LLC raised its holdings in ACI Worldwide by 879.8% in the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after acquiring an additional 1,284,419 shares during the period. Norges Bank acquired a new position in ACI Worldwide during the 4th quarter worth $54,735,000. Fuller & Thaler Asset Management Inc. boosted its holdings in ACI Worldwide by 90.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock valued at $86,851,000 after acquiring an additional 861,779 shares during the period. Finally, London Co. of Virginia increased its stake in shares of ACI Worldwide by 91.0% in the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after purchasing an additional 825,671 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About ACI Worldwide

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.