ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 85,698 shares of the technology company’s stock after selling 317 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ACI Worldwide were worth $4,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in ACI Worldwide during the first quarter worth $25,000. Covestor Ltd increased its stake in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after purchasing an additional 419 shares in the last quarter. Versant Capital Management Inc raised its position in shares of ACI Worldwide by 121.3% during the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company’s stock worth $48,000 after purchasing an additional 485 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock valued at $99,000 after buying an additional 1,397 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in ACI Worldwide by 24.5% in the 1st 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 and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Up 1.5%

Shares of NASDAQ ACIW opened at $46.19 on Friday. The stock has a market cap of $4.84 billion, a PE ratio of 18.18 and a beta of 1.06. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide, Inc. has a 12-month low of $38.59 and a 12-month high of $59.71. The company has a 50-day moving average of $47.77 and a 200 day moving average of $50.98.

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

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer owned 326,922 shares of the company’s stock, valued at approximately $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the subject of several research reports. DA Davidson upgraded ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, May 12th. Wall Street Zen upgraded ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group reduced their price objective on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.