Ensign Peak Advisors Inc Boosts Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Ensign Peak Advisors Inc boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,989 shares of the technology company’s stock after purchasing an additional 1,695 shares during the period. Ensign Peak Advisors Inc’s holdings in ACI Worldwide were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of ACIW. Barclays PLC lifted its stake in ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock valued at $11,513,000 after purchasing an additional 160,425 shares during the last quarter. Ritholtz Wealth Management lifted its stake in ACI Worldwide by 48.8% in the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company’s stock valued at $2,793,000 after purchasing an additional 17,636 shares during the last quarter. SG Americas Securities LLC lifted its stake in ACI Worldwide by 30.7% in the fourth quarter. SG Americas Securities LLC now owns 10,140 shares of the technology company’s stock valued at $526,000 after purchasing an additional 2,381 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company’s stock valued at $946,000 after purchasing an additional 6,602 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in ACI Worldwide in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

ACIW opened at $48.77 on Friday. The stock has a 50-day moving average price of $52.25 and a 200-day moving average price of $53.13. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.13 billion, a P/E ratio of 23.11 and a beta of 1.14.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data 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 return on equity of 21.67% and a net margin of 14.04%. The firm had revenue of $394.57 million during the quarter, compared to analysts’ expectations of $364.36 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 5,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer now directly owns 326,922 shares in the company, valued at approximately $15,878,601.54. This represents a 1.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now owns 80,842 shares of the company’s stock, valued at approximately $4,654,073.94. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of analyst reports. StockNews.com raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday. DA Davidson raised shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.