ACI Worldwide, Inc. $ACIW Shares Sold by Aristides Capital LLC

Aristides Capital LLC reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,844 shares of the technology company’s stock after selling 1,178 shares during the quarter. Aristides Capital LLC’s holdings in ACI Worldwide were worth $681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. N.E.W. Advisory Services LLC bought a new stake in shares of ACI Worldwide during the 1st quarter worth about $25,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after acquiring an additional 323 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of ACI Worldwide during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its holdings in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in ACI Worldwide in the first quarter worth approximately $44,000. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACIW shares. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ACI Worldwide in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Activity at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $46.86 on Thursday. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $58.14. The firm’s 50 day simple moving average is $49.67 and its 200-day simple moving average is $47.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $4.83 billion, a P/E ratio of 19.77 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The firm had revenue of $482.36 million during the quarter, compared to analyst estimates of $465.09 million. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 6.8% on a year-over-year basis. ACI Worldwide has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current year.

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.