US Bancorp DE Buys 2,108 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

US Bancorp DE grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 34.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,215 shares of the technology company’s stock after buying an additional 2,108 shares during the quarter. US Bancorp DE’s holdings in ACI Worldwide were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACIW. Hohimer Wealth Management LLC grew its stake in shares of ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company’s stock worth $271,000 after purchasing an additional 197 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of ACI Worldwide by 3.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 8,048 shares of the technology company’s stock worth $418,000 after purchasing an additional 246 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in ACI Worldwide by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,034 shares of the technology company’s stock valued at $573,000 after acquiring an additional 350 shares during the last quarter. Cetera Investment Advisers boosted its position in ACI Worldwide by 6.7% during the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company’s stock valued at $357,000 after acquiring an additional 408 shares during the last quarter. Finally, Covestor Ltd boosted its position in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock valued at $31,000 after acquiring an additional 419 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $46.34 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. ACI Worldwide, Inc. has a 1-year low of $40.45 and a 1-year high of $59.71. The firm has a market capitalization of $4.78 billion, a P/E ratio of 19.55 and a beta of 1.07. The firm’s 50-day moving average price is $45.05 and its 200-day moving average price is $49.42.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $401.26 million during the quarter, compared to analyst estimates of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Equities research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Transactions at ACI Worldwide

In related news, Director Mary P. Harman sold 7,194 shares of the firm’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 transaction, the director directly owned 34,388 shares of the company’s stock, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the sale, the director owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ACIW shares. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research report on Thursday, July 17th. DA Davidson raised 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. Jefferies Financial Group cut 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. Finally, Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday.

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.