Thomas W. Warsop III Purchases 5,000 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) CEO Thomas W. Warsop III purchased 5,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares in the company, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ACI Worldwide Stock Up 0.8%

Shares of NASDAQ:ACIW opened at $49.16 on Wednesday. ACI Worldwide, Inc. has a 52-week low of $33.32 and a 52-week high of $59.71. The company has a market capitalization of $5.17 billion, a PE ratio of 23.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average of $52.39 and a 200-day moving average of $53.16.

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

Institutional Trading of ACI Worldwide

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of ACI Worldwide by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company’s stock worth $719,652,000 after acquiring an additional 189,980 shares during the last quarter. Hood River Capital Management LLC raised its holdings in ACI Worldwide by 3.1% during the 4th quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company’s stock worth $175,171,000 after purchasing an additional 100,311 shares during the last quarter. Geode Capital Management LLC raised its holdings in ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company’s stock worth $154,095,000 after purchasing an additional 459,821 shares during the last quarter. North Reef Capital Management LP raised its holdings in ACI Worldwide by 18.3% during the 4th quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company’s stock worth $111,139,000 after purchasing an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of ACI Worldwide by 0.7% in the 1st quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock worth $110,930,000 after purchasing an additional 14,278 shares during the period. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com raised ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson raised shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.