Wealth Enhancement Advisory Services LLC Invests $242,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Wealth Enhancement Advisory Services LLC purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,653 shares of the technology company’s stock, valued at approximately $242,000.

A number of other institutional investors also recently made changes to their positions in ACIW. Empowered Funds LLC acquired a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $517,000. Savant Capital LLC lifted its stake in shares of ACI Worldwide by 12.3% in the 4th quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock worth $279,000 after acquiring an additional 590 shares during the period. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after acquiring an additional 298 shares during the period. Principal Financial Group Inc. lifted its stake in shares of ACI Worldwide by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 545,506 shares of the technology company’s stock worth $28,317,000 after acquiring an additional 20,893 shares during the period. Finally, Convergence Investment Partners LLC lifted its stake in shares of ACI Worldwide by 49.5% in the 4th quarter. Convergence Investment Partners LLC now owns 57,231 shares of the technology company’s stock worth $2,971,000 after acquiring an additional 18,939 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.1%

NASDAQ ACIW opened at $45.56 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50 day simple moving average is $49.53 and its 200 day simple moving average is $51.88. ACI Worldwide, Inc. has a 12 month low of $35.30 and a 12 month high of $59.71. The company has a market capitalization of $4.78 billion, a P/E ratio of 21.59 and a beta of 1.07.

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

Wall Street Analyst Weigh In

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

Insider Activity

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

ACI Worldwide 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.