ACI Worldwide, Inc. $ACIW Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 39.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,533 shares of the technology company’s stock after purchasing an additional 69,964 shares during the period. JPMorgan Chase & Co. owned 0.24% of ACI Worldwide worth $13,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of ACI Worldwide by 106.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after buying an additional 323 shares during the last quarter. Bessemer Group Inc. grew its position in shares of ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares during the last quarter. Advisors Asset Management Inc. raised its stake in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after acquiring an additional 298 shares in the last quarter. Finally, State of Wyoming acquired a new stake in ACI Worldwide during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez acquired 3,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the purchase, the director owned 64,378 shares in the company, valued at $2,638,210.44. This trade represents a 4.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Juan Benitez II bought 2,400 shares of ACI Worldwide stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the completion of the acquisition, the director directly owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. The trade was a 16.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Price Performance

ACIW stock opened at $39.88 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.06 billion, a P/E ratio of 18.38 and a beta of 1.07. The business has a 50 day simple moving average of $41.24 and a 200-day simple moving average of $46.07. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The business had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

ACIW has been the subject of several research analyst reports. Zacks Research downgraded shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Weiss Ratings cut ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.00.

About ACI Worldwide

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.