Cerity Partners LLC Raises Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Cerity Partners LLC lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 37.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,194 shares of the technology company’s stock after buying an additional 3,315 shares during the quarter. Cerity Partners LLC’s holdings in ACI Worldwide were worth $667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACIW. HighTower Advisors LLC raised its holdings in shares of ACI Worldwide by 10.7% in the fourth quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company’s stock worth $806,000 after buying an additional 1,507 shares during the period. Corient Private Wealth LLC raised its holdings in shares of ACI Worldwide by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company’s stock worth $293,000 after buying an additional 267 shares during the period. Xponance Inc. raised its holdings in shares of ACI Worldwide by 10.2% in the fourth quarter. Xponance Inc. now owns 7,604 shares of the technology company’s stock worth $395,000 after buying an additional 702 shares during the period. American Century Companies Inc. grew its stake in ACI Worldwide by 206.2% in the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock worth $52,194,000 after purchasing an additional 677,143 shares in the last quarter. Finally, Sei Investments Co. grew its stake in ACI Worldwide by 3.2% in the fourth quarter. Sei Investments Co. now owns 405,631 shares of the technology company’s stock worth $21,056,000 after purchasing an additional 12,463 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ACI Worldwide

In other news, Director Mary P. Harman sold 7,194 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director directly owned 34,388 shares in the company, valued at $1,632,742.24. This trade represents a 17.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet O. Estep sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the sale, the director owned 77,631 shares in the company, valued at $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Stock Down 2.2%

ACI Worldwide stock opened at $44.95 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.70 and a beta of 1.06. ACI Worldwide, Inc. has a 1-year low of $41.42 and a 1-year high of $59.71. The business has a fifty day moving average price of $46.00 and a 200-day moving average price of $50.33.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Equities research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACIW shares. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Thursday, July 17th. Jefferies Financial Group dropped their target price on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen raised ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Finally, DA Davidson raised ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $60.00.

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.