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

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio Sanchez acquired 3,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $40.98 per share, with a total value of $122,940.00. Following the completion of the acquisition, the director directly owned 64,378 shares in the company, valued at approximately $2,638,210.44. This represents a 4.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ACI Worldwide Trading Down 0.7%

Shares of ACIW opened at $42.55 on Friday. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $57.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $43.00 and its 200-day moving average price is $46.96. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.61 and a beta of 1.07.

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

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds have recently added to or reduced their stakes in ACIW. Millennium Management LLC increased its holdings in shares of ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the last quarter. Caxton Associates LLP bought a new position in ACI Worldwide in the 1st quarter worth about $259,000. Empowered Funds LLC boosted its stake in ACI Worldwide by 64.2% in the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after purchasing an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.