ACI Worldwide (NASDAQ:ACIW) CTO Sells $200,774.90 in Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the sale, the chief technology officer directly owned 96,897 shares in the company, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ACI Worldwide Stock Down 0.4%

ACIW opened at $46.97 on Friday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 19.82 and a beta of 1.09. The firm has a 50 day moving average price of $50.27 and a 200-day moving average price of $48.02. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. ACI Worldwide has set its FY 2025 guidance at EPS. Equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its position in shares of ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company’s stock valued at $271,000 after acquiring an additional 197 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of ACI Worldwide by 5.0% during the first quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company’s stock worth $237,000 after purchasing an additional 207 shares in the last quarter. HighTower Advisors LLC raised its stake in ACI Worldwide by 1.4% during the 1st quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company’s stock valued at $861,000 after purchasing an additional 212 shares during the period. Bessemer Group Inc. lifted its holdings in ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after purchasing an additional 214 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in ACI Worldwide by 0.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company’s stock worth $1,415,000 after purchasing an additional 223 shares during the period. 94.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ACIW. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a report on Thursday, October 16th. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.