ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) CTO Ram Kumar Puppala bought 1,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average price of $22.03 per share, for a total transaction of $22,030.00. Following the completion of the purchase, the chief technology officer now directly owns 49,603 shares in the company, valued at approximately $1,092,754.09. The transaction was disclosed in a filing with the SEC, which is available through this link.
ACI Worldwide Stock Performance
NASDAQ ACIW opened at $22.75 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 17.50 and a beta of 1.10. The company's fifty day moving average is $25.81 and its two-hundred day moving average is $27.57. ACI Worldwide, Inc. has a 52-week low of $21.51 and a 52-week high of $36.01.
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ACI Worldwide (NASDAQ:ACIW – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $340.40 million for the quarter, compared to analyst estimates of $330.22 million. ACI Worldwide had a net margin of 10.51% and a return on equity of 17.24%. The business's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. Equities research analysts forecast that ACI Worldwide, Inc. will post 2.02 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently issued reports on ACIW. Needham & Company LLC lowered their target price on shares of ACI Worldwide from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, September 2nd. Stephens began coverage on shares of ACI Worldwide in a research note on Thursday, July 14th. They issued an "overweight" rating and a $31.00 target price on the stock. Finally, StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, August 5th.
Institutional Trading of ACI Worldwide
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its position in ACI Worldwide by 1.9% in the 1st quarter. State Street Corp now owns 4,026,192 shares of the technology company's stock worth $126,785,000 after purchasing an additional 75,092 shares during the last quarter. River Road Asset Management LLC lifted its holdings in shares of ACI Worldwide by 14.3% during the 2nd quarter. River Road Asset Management LLC now owns 3,980,927 shares of the technology company's stock worth $103,066,000 after acquiring an additional 498,832 shares during the period. Cardinal Capital Management LLC CT lifted its holdings in shares of ACI Worldwide by 18.1% during the 4th quarter. Cardinal Capital Management LLC CT now owns 3,862,133 shares of the technology company's stock worth $134,016,000 after acquiring an additional 591,755 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of ACI Worldwide by 1,099.9% during the 4th quarter. Alliancebernstein L.P. now owns 3,390,928 shares of the technology company's stock worth $117,665,000 after acquiring an additional 3,108,330 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ACI Worldwide by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,619,011 shares of the technology company's stock worth $90,880,000 after acquiring an additional 32,281 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.
About ACI Worldwide
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ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
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