CAPROCK Group Inc. purchased a new stake in ACI Worldwide Inc (NASDAQ:ACIW) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,306 shares of the technology company’s stock, valued at approximately $207,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mackay Shields LLC acquired a new stake in ACI Worldwide in the 4th quarter valued at $725,000. Meeder Asset Management Inc. acquired a new stake in ACI Worldwide in the 4th quarter valued at $179,000. NJ State Employees Deferred Compensation Plan grew its stake in ACI Worldwide by 40.0% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 14,000 shares of the technology company’s stock valued at $387,000 after acquiring an additional 4,000 shares during the period. Martingale Asset Management L P grew its stake in ACI Worldwide by 41.1% in the 4th quarter. Martingale Asset Management L P now owns 180,656 shares of the technology company’s stock valued at $4,999,000 after acquiring an additional 52,606 shares during the period. Finally, Stifel Financial Corp grew its stake in ACI Worldwide by 3.7% in the 4th quarter. Stifel Financial Corp now owns 31,268 shares of the technology company’s stock valued at $864,000 after acquiring an additional 1,108 shares during the period.

In other ACI Worldwide news, CEO Philip G. Heasley sold 166,572 shares of ACI Worldwide stock in a transaction on Friday, March 1st. The shares were sold at an average price of $32.28, for a total transaction of $5,376,944.16. Following the sale, the chief executive officer now owns 1,441,533 shares of the company’s stock, valued at approximately $46,532,685.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.42% of the company’s stock.

Shares of ACIW opened at $34.46 on Tuesday. ACI Worldwide Inc has a 52-week low of $22.13 and a 52-week high of $34.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.17.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 28th. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.05). ACI Worldwide had a return on equity of 9.17% and a net margin of 6.83%. The business had revenue of $319.95 million for the quarter, compared to analyst estimates of $366.24 million. As a group, analysts forecast that ACI Worldwide Inc will post 1.14 earnings per share for the current fiscal year.

A number of research firms recently issued reports on ACIW. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $38.00 in a research note on Friday, March 8th. BidaskClub raised shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 28th. Finally, Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $34.00.

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ACI Worldwide Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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