Ameriprise Financial Inc. Has $35.03 Million Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Ameriprise Financial Inc. lifted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 160.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 674,799 shares of the technology company's stock after buying an additional 415,612 shares during the period. Ameriprise Financial Inc. owned about 0.64% of ACI Worldwide worth $35,027,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised 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 worth $30,000 after buying an additional 298 shares in the last quarter. Covestor Ltd raised its position in 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 purchasing an additional 419 shares during the last quarter. Farther Finance Advisors LLC raised its position in ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after purchasing an additional 1,397 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in ACI Worldwide in the 4th quarter valued at $201,000. Finally, Nkcfo LLC bought a new position in ACI Worldwide in the 4th quarter valued at $208,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas W. Warsop III acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired 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. This trade represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

ACI Worldwide Trading Up 0.2%

Shares of NASDAQ ACIW traded up $0.10 during midday trading on Friday, hitting $48.87. The stock had a trading volume of 734,445 shares, compared to its average volume of 724,016. The company's 50-day simple moving average is $52.19 and its 200 day simple moving average is $53.12. The firm 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 fifty-two week low of $33.32 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the firm earned $0.10 earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. Research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ACIW. StockNews.com upgraded ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

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.