UniSuper Management Pty Ltd Increases Stake in ACI Worldwide, Inc. $ACIW

UniSuper Management Pty Ltd lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,065 shares of the technology company’s stock after acquiring an additional 19,287 shares during the quarter. UniSuper Management Pty Ltd owned 0.12% of ACI Worldwide worth $6,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. Steward Partners Investment Advisory LLC increased its position in ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of ACI Worldwide during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its holdings in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after buying an additional 298 shares during the period. State of Wyoming bought a new position in ACI Worldwide in the second quarter worth approximately $37,000. Finally, Salomon & Ludwin LLC purchased a new stake in ACI Worldwide during the third quarter worth $39,000. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Performance

ACIW opened at $44.03 on Monday. The company has a market cap of $4.54 billion, a P/E ratio of 17.75 and a beta of 1.05. 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’s 50-day moving average price is $46.53 and its 200-day moving average price is $47.67. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $58.14.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million for the quarter, compared to the consensus estimate 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 was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

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.