ACI Worldwide (NASDAQ:ACIW) Director Adalio Sanchez Acquires 3,000 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio Sanchez acquired 3,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the purchase, the director owned 64,378 shares of the company’s stock, valued at $2,638,210.44. The trade was a 4.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ACI Worldwide Stock Performance

NASDAQ:ACIW traded down $0.08 during trading hours on Thursday, hitting $42.36. 45,466 shares of the company traded hands, compared to its average volume of 853,010. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $57.49. The firm has a 50-day moving average of $43.28 and a 200 day moving average of $47.02. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.52 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) 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 return on equity of 16.44% and a net margin of 12.88%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the period. Farther Finance Advisors LLC boosted its stake in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after buying an additional 372 shares in the last quarter. Bessemer Group Inc. grew its position in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 during the period. Finally, Salomon & Ludwin LLC acquired a new position in ACI Worldwide during the third quarter worth $39,000. Institutional investors own 94.73% of the company’s stock.

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.