ACI Worldwide, Inc. $ACIW Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1,145.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 64,078 shares of the technology company’s stock after acquiring an additional 58,931 shares during the quarter. New Age Alpha Advisors LLC’s holdings in ACI Worldwide were worth $3,064,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC increased its holdings in 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 buying an additional 372 shares during the period. Allworth Financial LP boosted 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 last quarter. Bessemer Group Inc. boosted 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 last quarter. State of Wyoming purchased a new stake in shares of ACI Worldwide in the 2nd quarter valued at $37,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of ACI Worldwide in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $42.35 on Wednesday. The business has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $43.73. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28. The stock has a market capitalization of $4.31 billion, a P/E ratio of 21.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, analysts predict that ACI Worldwide, Inc. will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.00.

Insider Buying and Selling

In related news, Director Adalio T. Sanchez purchased 3,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. This trade represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juan Benitez II purchased 2,400 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $41.90 per share, with a total value of $100,560.00. Following the completion of the transaction, the director directly owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This represents 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 corporate insiders.

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.