Brevan Howard Capital Management LP Has $232,000 Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Brevan Howard Capital Management LP lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 82.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,465 shares of the technology company's stock after selling 20,803 shares during the period. Brevan Howard Capital Management LP's holdings in ACI Worldwide were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ACIW. Blue Trust Inc. increased its holdings in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares during the period. Covestor Ltd grew its position in shares of ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after purchasing an additional 1,397 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in ACI Worldwide in the 4th quarter valued at approximately $201,000. Finally, Nkcfo LLC bought a new position in ACI Worldwide in the 4th quarter worth approximately $208,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This trade represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas W. Warsop III bought 5,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACIW shares. StockNews.com raised ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Trading Down 0.9%

NASDAQ:ACIW traded down $0.44 during trading hours on Thursday, hitting $48.77. 1,043,517 shares of the stock were exchanged, compared to its average volume of 721,417. The company's 50 day moving average is $52.31 and its two-hundred day moving average is $53.13. The company has a market capitalization of $5.13 billion, a P/E ratio of 23.11 and a beta of 1.14. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The business had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same period last year, the company earned $0.10 EPS. The firm's revenue was up 24.9% on a year-over-year basis. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

About ACI Worldwide

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.