Elevation Point Wealth Partners LLC Invests $128,000 in ACI Worldwide, Inc. $ACIW

Elevation Point Wealth Partners LLC acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,785 shares of the technology company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of ACI Worldwide by 3.8% during the 2nd quarter. Franklin Resources Inc. now owns 5,378,701 shares of the technology company’s stock worth $246,936,000 after purchasing an additional 199,286 shares in the last quarter. Invesco Ltd. increased its holdings in ACI Worldwide by 0.7% in the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock worth $110,930,000 after buying an additional 14,278 shares during the last quarter. Alliancebernstein L.P. raised its position in ACI Worldwide by 7.0% during the first quarter. Alliancebernstein L.P. now owns 1,917,346 shares of the technology company’s stock valued at $104,898,000 after acquiring an additional 126,169 shares in the last quarter. American Century Companies Inc. lifted its stake in ACI Worldwide by 32.8% in the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock valued at $76,308,000 after acquiring an additional 410,423 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in ACI Worldwide by 132.9% in the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock worth $85,986,000 after acquiring an additional 896,564 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

ACI Worldwide Trading Down 0.1%

Shares of ACIW stock opened at $46.84 on Monday. The company has a market capitalization of $4.83 billion, a P/E ratio of 19.76 and a beta of 1.09. ACI Worldwide, Inc. has a 12-month low of $40.45 and a 12-month high of $58.14. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $49.50 and a 200 day moving average price of $47.60.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACIW. Zacks Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACI Worldwide in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide presently has a consensus 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.