Barclays PLC boosted its stake in ACI Worldwide Inc (NASDAQ:ACIW) by 189.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,739 shares of the technology company’s stock after acquiring an additional 42,409 shares during the quarter. Barclays PLC owned 0.06% of ACI Worldwide worth $1,536,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ACIW. Cardinal Capital Management LLC CT lifted its position in ACI Worldwide by 30.2% in the 4th quarter. Cardinal Capital Management LLC CT now owns 3,527,126 shares of the technology company’s stock valued at $79,960,000 after acquiring an additional 818,027 shares in the last quarter. Corsair Capital Management L.P. lifted its position in ACI Worldwide by 1,420.4% in the 4th quarter. Corsair Capital Management L.P. now owns 608,164 shares of the technology company’s stock valued at $13,787,000 after acquiring an additional 568,164 shares in the last quarter. Fiera Capital Corp lifted its position in ACI Worldwide by 36.8% in the 1st quarter. Fiera Capital Corp now owns 1,367,219 shares of the technology company’s stock valued at $32,430,000 after acquiring an additional 368,112 shares in the last quarter. Deutsche Bank AG lifted its position in ACI Worldwide by 69.1% in the 4th quarter. Deutsche Bank AG now owns 692,109 shares of the technology company’s stock valued at $15,688,000 after acquiring an additional 282,839 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in ACI Worldwide by 16.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,767,214 shares of the technology company’s stock valued at $41,918,000 after acquiring an additional 251,409 shares in the last quarter.
ACIW opened at $26.83 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.67. ACI Worldwide Inc has a 12 month low of $20.23 and a 12 month high of $27.16. The firm has a market capitalization of $3.09 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.54 and a beta of 1.16.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 10th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.06). ACI Worldwide had a negative net margin of 1.27% and a positive return on equity of 8.61%. The business had revenue of $209.30 million during the quarter, compared to analyst estimates of $206.17 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. equities analysts forecast that ACI Worldwide Inc will post 0.63 EPS for the current year.
In other ACI Worldwide news, Director Jan Suwinski sold 30,000 shares of ACI Worldwide stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $24.19, for a total value of $725,700.00. Following the sale, the director now directly owns 166,896 shares in the company, valued at approximately $4,037,214.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 180,000 shares of company stock worth $4,431,600 over the last quarter. Company insiders own 4.42% of the company’s stock.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 15th. ValuEngine raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. TheStreet cut shares of ACI Worldwide from a “b” rating to a “c” rating in a research report on Thursday, May 10th. Finally, Zacks Investment Research cut shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.00.
About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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