Scott W. Behrens, Chief Financial Officer of ACI Worldwide , Inc. (NASDAQ:), recently executed a significant stock transaction. On December 11, Behrens sold 60,749 shares of the company’s common stock, with the sale price ranging from $55.09 to $56.18 per share, resulting in a total transaction value of approximately $3.38 million. The transaction comes amid ACI Worldwide’s impressive year, with the stock gaining over 76% year-to-date. According to InvestingPro, the company boasts a perfect Piotroski Score of 9, indicating strong financial health.
In addition to the sale, Behrens exercised options to acquire 94,488 shares at a price of $19.08 per share. This exercise was part of a cashless transaction under the company’s 2005 Equity and Performance Incentive Plan. Following these transactions, Behrens holds 487,235 shares of ACI Worldwide, maintaining a substantial stake in the $5.73 billion market cap company. InvestingPro analysis suggests the stock is currently slightly undervalued, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, ACI Worldwide reported a robust 24% increase in total revenue for the third quarter, reaching $452 million, and a notable 61% surge in adjusted EBITDA to $167 million. The company’s Bank segment led this growth with a 72% increase in real-time payments. Due to this strong performance, ACI Worldwide raised its full-year 2024 revenue guidance to between $1.567 billion and $1.601 billion, and adjusted EBITDA to between $433 million and $448 million.
Despite these promising developments, DA Davidson downgraded ACI Worldwide from a Buy rating to Neutral, while raising the price target from $57 to $60. The firm acknowledged ACI Worldwide’s positive performance but indicated that the significant progress might already be factored into the current stock valuation.
Furthermore, ACI Worldwide expressed confidence in its 2025 sales pipeline and announced its Payments Hub is nearing completion, with pilot implementations expected in Q2 2025. Despite minimal contributions from mid-tier banks and a stringent European regulatory environment, ACI Worldwide remains optimistic about potential regulatory changes following the recent U.S. election. These recent developments underscore ACI Worldwide’s strong performance and strategic positioning in the global payments market.
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