London Co. of Virginia Raises Holdings in ACI Worldwide, Inc. $ACIW

London Co. of Virginia boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 91.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,732,941 shares of the technology company’s stock after buying an additional 825,671 shares during the period. London Co. of Virginia owned 1.68% of ACI Worldwide worth $91,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of ACI Worldwide by 160.4% in the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares during the period. NewEdge Advisors LLC lifted its stake in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of ACI Worldwide during the 1st quarter worth $259,000. Empowered Funds LLC boosted its position in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after purchasing an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $39.55 on Tuesday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 18.23 and a beta of 1.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $42.24 and a 200 day moving average price of $46.64. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last released 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 return on equity of 16.44% and a net margin of 12.88%.The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same quarter last year, the business earned $1.08 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ACIW. Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Zacks Research cut shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ACI Worldwide has an average rating of “Hold” and a consensus price target of $60.00.

Insider Buying and Selling at ACI Worldwide

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

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.