Janney Montgomery Scott LLC Acquires 13,638 Shares of ACI Worldwide, Inc. $ACIW

Janney Montgomery Scott LLC boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 80.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,684 shares of the technology company’s stock after purchasing an additional 13,638 shares during the period. Janney Montgomery Scott LLC’s holdings in ACI Worldwide were worth $1,258,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 226.8% in the fourth 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 during the period. Allworth Financial LP increased its holdings in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in ACI Worldwide in the 4th quarter valued at about $37,000. State of Wyoming bought a new stake in ACI Worldwide in the 2nd quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Price Performance

Shares of ACIW traded up $0.02 during mid-day trading on Friday, reaching $56.42. 671,905 shares of the stock traded hands, compared to its average volume of 1,051,325. The firm has a fifty day moving average price of $45.76 and a 200 day moving average price of $43.79. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 28.35 and a beta of 0.98. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.58.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2.69 earnings per share for the current year.

ACI Worldwide 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.