Graham Capital Management L.P. Cuts Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Graham Capital Management L.P. cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 34.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,021 shares of the technology company's stock after selling 11,133 shares during the quarter. Graham Capital Management L.P.'s holdings in ACI Worldwide were worth $1,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ACIW. Barclays PLC raised its stake in shares of ACI Worldwide by 11.9% in the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after purchasing an additional 26,888 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock worth $946,000 after purchasing an additional 6,602 shares during the last quarter. AXA S.A. raised its stake in shares of ACI Worldwide by 11.6% in the fourth quarter. AXA S.A. now owns 144,007 shares of the technology company's stock worth $7,475,000 after purchasing an additional 14,994 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of ACI Worldwide in the fourth quarter worth $519,000. Finally, Ritholtz Wealth Management raised its stake in shares of ACI Worldwide by 48.8% in the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock worth $2,793,000 after purchasing an additional 17,636 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

ACI Worldwide Stock Performance

ACIW traded up $0.10 during midday trading on Friday, reaching $48.87. The company had a trading volume of 734,445 shares, compared to its average volume of 724,016. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $52.19 and a two-hundred day moving average of $53.12. The company has a market cap of $5.14 billion, a P/E ratio of 23.16 and a beta of 1.14. ACI Worldwide, Inc. has a 1 year low of $33.32 and a 1 year high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business's quarterly revenue was up 24.9% on a year-over-year basis. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Monday, May 12th. StockNews.com upgraded ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide 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.