ACI Worldwide (NASDAQ:ACIW) Sets New 12-Month High at $37.99

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

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company. Craig Hallum upped their target price on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.00.

ACI Worldwide Stock Performance

The stock’s 50 day moving average price is $35.20 and its 200 day moving average price is $32.44. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 28.22 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The business had revenue of $316.02 million during the quarter, compared to the consensus estimate of $305.25 million. Analysts expect that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Insider Activity at ACI Worldwide

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of ACI Worldwide by 136.6% during the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares during the period. Strs Ohio increased its holdings in shares of ACI Worldwide by 205.9% during the fourth quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $159,000 after purchasing an additional 3,500 shares during the period. LRI Investments LLC bought a new position in shares of ACI Worldwide during the first quarter worth approximately $227,000. EntryPoint Capital LLC increased its holdings in shares of ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after purchasing an additional 478 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of ACI Worldwide by 23.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company’s stock worth $299,000 after purchasing an additional 1,709 shares during the period. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Company Profile

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.