UniSuper Management Pty Ltd Invests $765,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

UniSuper Management Pty Ltd acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,038 shares of the technology company’s stock, valued at approximately $765,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Strs Ohio grew its holdings in shares of ACI Worldwide by 205.9% during the 4th quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock valued at $159,000 after acquiring an additional 3,500 shares in the last quarter. Watershed Asset Management L.L.C. acquired a new position in ACI Worldwide in the 4th quarter worth about $296,000. O Shaughnessy Asset Management LLC increased its position in ACI Worldwide by 23.5% in the 1st 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 last quarter. Janney Montgomery Scott LLC raised its stake in shares of ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after purchasing an additional 3,307 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of ACI Worldwide by 38.8% during the 4th quarter. Assetmark Inc. now owns 16,989 shares of the technology company’s stock valued at $520,000 after buying an additional 4,751 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In related news, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the sale, the director now directly owns 69,912 shares of the company’s stock, valued at $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 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 owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.52, for a total transaction of $355,200.00. Following the sale, the director now owns 69,912 shares in the company, valued at $2,483,274.24. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock traded up $0.25 during trading on Thursday, reaching $41.74. The company’s stock had a trading volume of 72,387 shares, compared to its average volume of 611,632. The business’s fifty day moving average price is $37.69 and its 200-day moving average price is $33.95. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $43.28. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 30.96 and a beta of 1.20. 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 posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The company had revenue of $316.02 million during the quarter, compared to analysts’ expectations of $305.25 million. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACIW has been the subject of several recent research reports. DA Davidson boosted their target price on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Wednesday, May 1st. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Craig Hallum raised their price objective on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and an average target price of $40.00.

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.