Aristides Capital LLC Acquires 16,509 Shares of ACI Worldwide, Inc. $ACIW

Aristides Capital LLC boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 111.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,353 shares of the technology company’s stock after purchasing an additional 16,509 shares during the quarter. Aristides Capital LLC’s holdings in ACI Worldwide were worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACIW. Bessemer Group Inc. lifted its stake in shares of ACI Worldwide by 51.9% during the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after buying an additional 214 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after acquiring an additional 249 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of ACI Worldwide by 5.9% during the second quarter. Profund Advisors LLC now owns 5,233 shares of the technology company’s stock worth $240,000 after acquiring an additional 293 shares during the period. Arizona State Retirement System boosted its holdings in shares of ACI Worldwide by 1.0% during the third quarter. Arizona State Retirement System now owns 31,028 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 293 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of 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 during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Trading Down 2.4%

Shares of NASDAQ:ACIW opened at $40.43 on Friday. The business’s 50 day simple moving average is $42.49 and its 200 day simple moving average is $46.79. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $4.11 billion, a P/E ratio of 18.63 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. ACI Worldwide’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Transactions at ACI Worldwide

In other news, Director Juan Benitez II bought 2,400 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the transaction, the director owned 16,881 shares of the company’s stock, valued at $707,313.90. This represents a 16.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adalio T. Sanchez purchased 3,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, with a total value of $122,940.00. Following the acquisition, the director owned 64,378 shares in the company, valued at $2,638,210.44. This trade represents a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACIW shares. Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ACI Worldwide has a consensus rating of “Hold” and an average target price of $60.00.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.