Park Avenue Securities LLC Takes Position in ACI Worldwide, Inc. $ACIW

Park Avenue Securities LLC acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,993 shares of the technology company’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACIW. Norges Bank purchased a new position in ACI Worldwide in the second quarter worth $47,641,000. American Century Companies Inc. boosted its position in shares of ACI Worldwide by 32.8% in the 2nd quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock worth $76,308,000 after purchasing an additional 410,423 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in ACI Worldwide by 305.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company’s stock worth $19,915,000 after buying an additional 326,699 shares during the last quarter. Alliancebernstein L.P. increased its position in ACI Worldwide by 16.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,228,131 shares of the technology company’s stock valued at $102,293,000 after buying an additional 310,785 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in ACI Worldwide by 3.8% in the second quarter. Franklin Resources Inc. now owns 5,378,701 shares of the technology company’s stock valued at $246,936,000 after buying an additional 199,286 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $45.47 on Thursday. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $58.14. The business’s 50 day moving average price is $47.21 and its 200 day moving average price is $47.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.69 billion, a P/E ratio of 18.33 and a beta of 1.05.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $482.36 million during the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. ACI Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACIW. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Buying and Selling

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the sale, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% 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.