ACI Worldwide (NASDAQ:ACIW) Reaches New 1-Year High at $37.99

ACI Worldwide, Inc. (NASDAQ:ACIW)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.99 and last traded at $37.88, with a volume of 33961 shares changing hands. The stock had previously closed at $37.68.

Analyst Ratings Changes

ACIW has been the subject of several recent research reports. Craig Hallum upped their price target on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. DA Davidson upped their price objective on ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

ACI Worldwide Stock Performance

The firm has a market capitalization of $4.06 billion, a P/E ratio of 28.73 and a beta of 1.19. The stock has a 50-day moving average of $35.47 and a 200 day moving average of $32.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.37.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The business had revenue of $316.02 million for the quarter, compared to analyst estimates of $305.25 million. On average, research analysts anticipate that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In other ACI Worldwide news, Director James C. Hale III sold 10,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the transaction, the director now owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director James C. Hale III sold 10,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the transaction, the director now owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Hale III sold 5,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now directly owns 79,912 shares in the company, valued at approximately $2,935,966.88. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the period. Dimensional Fund Advisors LP raised its stake in ACI Worldwide by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock worth $129,134,000 after buying an additional 57,538 shares during the period. Reinhart Partners LLC. raised its stake in ACI Worldwide by 9.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after buying an additional 203,348 shares during the period. Global Alpha Capital Management Ltd. raised its stake in ACI Worldwide by 9.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after buying an additional 180,600 shares during the period. Finally, Wellington Management Group LLP raised its stake in ACI Worldwide by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock worth $42,984,000 after buying an additional 8,634 shares during the period. Institutional investors and hedge funds 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.