Janney Montgomery Scott LLC Purchases 13,638 Shares of ACI Worldwide, Inc. $ACIW

Janney Montgomery Scott LLC boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 80.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 30,684 shares of the technology company’s stock after purchasing an additional 13,638 shares during the period. Janney Montgomery Scott LLC’s holdings in ACI Worldwide were worth $1,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACIW. Farther Finance Advisors LLC lifted 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 worth $26,000 after acquiring an additional 372 shares during the last quarter. Allworth Financial LP boosted its position in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the period. Eagle Bay Advisors LLC bought a new position in ACI Worldwide during the 4th quarter worth approximately $37,000. State of Wyoming purchased a new position in ACI Worldwide in the 2nd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its position in ACI Worldwide by 122.1% in the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Up 0.0%

ACIW traded up $0.02 during trading on Friday, hitting $56.42. 671,905 shares of the company’s stock traded hands, compared to its average volume of 1,051,325. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 28.35 and a beta of 0.98. The company’s 50 day simple moving average is $45.76 and its two-hundred day simple moving average is $43.79. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $57.58. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Analysts predict that ACI Worldwide, Inc. will post 2.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ACIW has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.