ACI Worldwide (NASDAQ:ACIW) Director Juan Benitez II Buys 2,400 Shares

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Juan Benitez II acquired 2,400 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $41.90 per share, with a total value of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This trade represents a 16.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

ACI Worldwide Trading Up 2.6%

NASDAQ ACIW opened at $41.41 on Wednesday. The company has a fifty day moving average of $43.43 and a 200 day moving average of $47.06. The company 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 current ratio of 1.54 and a quick ratio of 1.54. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.49.

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

Institutional Trading of ACI Worldwide

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP boosted its position in shares of ACI Worldwide by 93.5% during 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 last quarter. Steward Partners Investment Advisory LLC raised its position in ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares during the period. Bessemer Group Inc. lifted its position in 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. Finally, Advisors Asset Management Inc. lifted its holdings in shares of ACI Worldwide by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after acquiring an additional 298 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About ACI Worldwide

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.