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

ACI Worldwide, Inc. (NASDAQ:ACIW) CEO Thomas W. Warsop III purchased 5,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 326,922 shares of the company’s stock, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ACI Worldwide Stock Up 4.7%

ACIW opened at $48.76 on Tuesday. ACI Worldwide, Inc. has a fifty-two week low of $33.32 and a fifty-two week high of $59.71. 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 stock has a market cap of $5.13 billion, a price-to-earnings ratio of 23.11 and a beta of 1.14. The firm’s fifty day moving average is $52.46 and its 200 day moving average is $53.19.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly 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. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The business had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same quarter in the prior year, the business posted $0.10 EPS. ACI Worldwide’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.00.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently bought and sold shares of ACIW. Barclays PLC lifted its holdings in shares of ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after buying an additional 160,425 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ACI Worldwide by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company’s stock valued at $13,133,000 after acquiring an additional 8,914 shares during the last quarter. Ritholtz Wealth Management increased its holdings in ACI Worldwide by 48.8% in the 4th quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company’s stock valued at $2,793,000 after acquiring an additional 17,636 shares during the last quarter. SG Americas Securities LLC increased its holdings in ACI Worldwide by 30.7% in the 4th quarter. SG Americas Securities LLC now owns 10,140 shares of the technology company’s stock valued at $526,000 after acquiring an additional 2,381 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in ACI Worldwide by 56.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company’s stock valued at $946,000 after acquiring an additional 6,602 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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.