Belpointe Asset Management LLC boosted its holdings in shares of ACI Worldwide (NASDAQ:ACIW) by 33.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,231 shares of the technology company’s stock after purchasing an additional 7,075 shares during the period. Belpointe Asset Management LLC’s holdings in ACI Worldwide were worth $640,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ACI Worldwide by 61.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,352 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in ACI Worldwide during the fourth quarter worth $159,000. Shelton Capital Management bought a new stake in ACI Worldwide during the third quarter worth $201,000. Neuberger Berman Group LLC bought a new stake in ACI Worldwide during the third quarter worth $211,000. Finally, Jane Street Group LLC bought a new stake in ACI Worldwide during the third quarter worth $221,000.
Several equities research analysts have weighed in on ACIW shares. BidaskClub cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. TheStreet upgraded ACI Worldwide from a “c+” rating to a “b” rating in a research note on Monday, March 12th. Finally, ValuEngine upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Four investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $27.00.
Shares of ACIW traded down $0.27 during trading hours on Friday, reaching $23.88. The stock had a trading volume of 598,500 shares, compared to its average volume of 578,805. ACI Worldwide has a 12 month low of $20.23 and a 12 month high of $26.37. The stock has a market capitalization of $2,767.81, a price-to-earnings ratio of 23.41, a PEG ratio of 3.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.21. The company had revenue of $326.40 million during the quarter, compared to analysts’ expectations of $322.12 million. ACI Worldwide had a return on equity of 12.04% and a net margin of 0.50%. ACI Worldwide’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. equities analysts forecast that ACI Worldwide will post 0.66 EPS for the current year.
In related news, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $23.73, for a total transaction of $949,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Shay, Jr. sold 63,781 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $24.85, for a total value of $1,584,957.85. Following the transaction, the director now directly owns 91,896 shares of the company’s stock, valued at $2,283,615.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,781 shares of company stock valued at $3,256,858. 4.20% of the stock is owned by corporate insiders.
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ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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