34,140 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,140 shares of the technology company's stock, valued at approximately $1,868,000.

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Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its holdings in ACI Worldwide by 13.5% during the 4th quarter. LPL Financial LLC now owns 31,132 shares of the technology company's stock worth $1,616,000 after purchasing an additional 3,698 shares during the period. Envestnet Asset Management Inc. increased its holdings in ACI Worldwide by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 214,278 shares of the technology company's stock worth $11,123,000 after purchasing an additional 37,584 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of ACI Worldwide by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 72,703 shares of the technology company's stock valued at $3,774,000 after acquiring an additional 719 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ACI Worldwide in the 4th quarter valued at $5,292,000. Finally, Covestor Ltd increased its holdings in shares of ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares during the period. 94.74% of the stock is owned by institutional investors.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the sale, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director directly owned 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

ACI Worldwide Stock Up 2.1%

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ACI Worldwide stock opened at $47.29 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 19.95 and a beta of 1.07. ACI Worldwide, Inc. has a 1-year low of $40.45 and a 1-year high of $59.71. The business has a fifty day moving average price of $45.06 and a 200-day moving average price of $49.41.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. The firm had revenue of $401.26 million during the quarter, compared to analysts' expectations of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Equities research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

ACIW has been the topic of a number of analyst reports. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, May 12th. Wall Street Zen downgraded ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a report on Thursday, July 17th. Finally, Jefferies Financial Group cut their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th.

Read Our Latest Stock Report on ACIW

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.

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