Xact Kapitalforvaltning AB Acquires New Stake in ACI Worldwide (ACIW)

Xact Kapitalforvaltning AB acquired a new position in ACI Worldwide (NASDAQ:ACIW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,497 shares of the technology company’s stock, valued at approximately $261,000.

Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of ACI Worldwide by 2.0% in the fourth quarter. BlackRock Inc. now owns 12,389,989 shares of the technology company’s stock worth $280,880,000 after acquiring an additional 247,194 shares during the period. Cardinal Capital Management LLC CT raised its position in shares of ACI Worldwide by 30.2% in the fourth quarter. Cardinal Capital Management LLC CT now owns 3,527,126 shares of the technology company’s stock worth $79,960,000 after acquiring an additional 818,027 shares during the period. TimesSquare Capital Management LLC raised its position in shares of ACI Worldwide by 4.9% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,746,088 shares of the technology company’s stock worth $62,254,000 after acquiring an additional 128,053 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of ACI Worldwide by 14.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,153,770 shares of the technology company’s stock worth $48,826,000 after acquiring an additional 278,990 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of ACI Worldwide by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,043,287 shares of the technology company’s stock worth $23,651,000 after acquiring an additional 6,369 shares during the period.

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In related news, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $23.73, for a total transaction of $949,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Suwinski sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $24.09, for a total transaction of $722,700.00. Following the sale, the director now directly owns 166,896 shares of the company’s stock, valued at approximately $4,020,524.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,781 shares of company stock valued at $3,256,858. Insiders own 4.20% of the company’s stock.

A number of research analysts have weighed in on ACIW shares. BidaskClub downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. ValuEngine upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research report on Monday, March 12th. Four analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $27.00.

ACIW opened at $24.24 on Friday. ACI Worldwide has a twelve month low of $20.23 and a twelve month high of $26.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $2,822.29, a P/E ratio of 30.82, a P/E/G ratio of 3.10 and a beta of 1.13.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.21. ACI Worldwide had a net margin of 0.50% and a return on equity of 12.04%. The firm had revenue of $326.40 million during the quarter, compared to the consensus estimate of $322.12 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. sell-side analysts expect that ACI Worldwide will post 0.66 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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