LPL Financial LLC lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 22.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,076 shares of the technology company’s stock after buying an additional 6,944 shares during the period. LPL Financial LLC’s holdings in ACI Worldwide were worth $2,083,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in ACI Worldwide during the first quarter valued at approximately $25,000. Wayfinding Financial LLC bought a new stake in shares of ACI Worldwide during the 1st quarter worth approximately $39,000. Versant Capital Management Inc boosted its holdings in shares of ACI Worldwide by 121.3% in the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company’s stock valued at $48,000 after buying an additional 485 shares during the last quarter. Archer Investment Corp bought a new position in shares of ACI Worldwide in the first quarter valued at $159,000. Finally, GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 24.5% in the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock valued at $179,000 after buying an additional 642 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ACIW. Jefferies Financial Group dropped 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. Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Stephens upgraded ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Thursday, July 17th. Finally, DA Davidson upgraded ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, May 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $60.00.
ACI Worldwide Trading Down 0.5%
Shares of ACI Worldwide stock opened at $47.03 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a 50-day moving average of $45.02 and a 200-day moving average of $49.18. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $59.71. The stock has a market cap of $4.85 billion, a PE ratio of 19.84 and a beta of 1.07.
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last released its quarterly earnings results 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 business had revenue of $401.26 million for the quarter, compared to analyst estimates of $380.45 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. ACI Worldwide’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. ACI Worldwide has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current year.
Insider Buying and Selling
In other news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the transaction, the director owned 77,631 shares in the company, valued at $3,467,000.46. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
ACI Worldwide Company 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.
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