ACI Worldwide (NASDAQ:ACIW) Director Purchases $122,940.00 in Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio Sanchez purchased 3,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the acquisition, the director owned 64,378 shares in the company, valued at $2,638,210.44. This trade represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ACI Worldwide Stock Performance

Shares of ACIW opened at $41.41 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.49. The stock has a market capitalization of $4.21 billion, a PE ratio of 19.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50-day simple moving average of $43.43 and a 200-day simple moving average of $47.06.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACIW. Allworth Financial LP increased 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 period. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares during the period. Bessemer Group Inc. raised its holdings in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after buying an additional 323 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of ACI Worldwide during the third quarter worth about $39,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Company 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.