ACI Worldwide (NASDAQ:ACIW) Reaches New 1-Year High at $31.23

ACI Worldwide, Inc. (NASDAQ:ACIWGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.23 and last traded at $30.71, with a volume of 21572 shares changing hands. The stock had previously closed at $30.76.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. StockNews.com assumed coverage on ACI Worldwide in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of ACI Worldwide in a report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

View Our Latest Research Report on ACI Worldwide

ACI Worldwide Stock Performance

The firm has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $25.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 38.16 and a beta of 1.23.

ACI Worldwide (NASDAQ:ACIWGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $363.02 million for the quarter. ACI Worldwide had a return on equity of 13.97% and a net margin of 6.24%. As a group, analysts predict that ACI Worldwide, Inc. will post 1.58 EPS for the current fiscal year.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CFO Scott W. Behrens sold 35,003 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.94, for a total value of $942,980.82. Following the sale, the chief financial officer now owns 430,165 shares of the company’s stock, valued at approximately $11,588,645.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Alessandro Silva sold 17,817 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $27.72, for a total transaction of $493,887.24. Following the sale, the executive now owns 52,062 shares of the company’s stock, valued at approximately $1,443,158.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott W. Behrens sold 35,003 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.94, for a total value of $942,980.82. Following the completion of the sale, the chief financial officer now owns 430,165 shares in the company, valued at approximately $11,588,645.10. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of ACI Worldwide by 234.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 160,656 shares of the technology company’s stock worth $4,863,000 after acquiring an additional 112,656 shares during the period. New York State Teachers Retirement System grew its holdings in shares of ACI Worldwide by 1.8% in the 4th quarter. New York State Teachers Retirement System now owns 159,761 shares of the technology company’s stock worth $4,889,000 after acquiring an additional 2,763 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of ACI Worldwide by 414.3% in the 4th quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company’s stock worth $2,046,000 after acquiring an additional 53,882 shares during the period. Reinhart Partners LLC. grew its holdings in shares of ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after acquiring an additional 203,348 shares during the period. Finally, Value Holdings Management CO. LLC grew its holdings in ACI Worldwide by 6.1% during the 4th quarter. Value Holdings Management CO. LLC now owns 332,900 shares of the technology company’s stock valued at $10,186,000 after buying an additional 19,000 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

About ACI Worldwide

(Get Free Report)

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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.

Further Reading

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