ACI Worldwide, Inc. (NASDAQ:ACIW) Director James C. Hale III Sells 5,000 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIWGet Free Report) Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was 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 of the company’s stock, valued at $2,935,966.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW opened at $34.75 on Wednesday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 25.93 and a beta of 1.19. The firm’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $31.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.37. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $37.85.

ACI Worldwide (NASDAQ:ACIWGet Free Report) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.04 earnings per share for the quarter, topping 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 firm had revenue of $316.02 million for the quarter, compared to analyst estimates of $305.25 million. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in ACI Worldwide by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after purchasing an additional 1,228,384 shares during the period. Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter worth about $37,509,000. Public Employees Retirement Association of Colorado boosted its position in shares of ACI Worldwide by 9,610.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company’s stock worth $27,757,000 after buying an additional 897,757 shares during the period. North Reef Capital Management LP raised its position in ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock valued at $64,183,000 after buying an additional 592,735 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in ACI Worldwide by 1,080.0% in the 3rd quarter. Victory Capital Management Inc. now owns 348,764 shares of the technology company’s stock valued at $7,868,000 after acquiring an additional 319,208 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on ACIW

ACI Worldwide Company Profile

(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 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.

Further Reading

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