Park Avenue Securities LLC Takes $202,000 Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Park Avenue Securities LLC purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,685 shares of the technology company’s stock, valued at approximately $202,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares during the last quarter. Covestor Ltd boosted its holdings in ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after purchasing an additional 419 shares during the last quarter. Versant Capital Management Inc boosted its holdings in ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company’s stock worth $48,000 after purchasing an additional 485 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock worth $99,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in ACI Worldwide in the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Up 1.1%

Shares of ACIW stock opened at $45.56 on Tuesday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 21.59 and a beta of 1.07. ACI Worldwide, Inc. has a one year low of $35.30 and a one year high of $59.71. The company’s fifty day moving average price is $49.53 and its 200-day moving average price is $51.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other news, CEO Thomas W. Warsop III acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $48.57 per share, with a total value of $242,850.00. Following the completion of the acquisition, the chief executive officer now owns 326,922 shares of the company’s stock, valued at $15,878,601.54. This trade represents a 1.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director now owns 34,388 shares of the company’s stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ACIW has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, May 27th. DA Davidson upgraded shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

About ACI Worldwide

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.