ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 194.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,978 shares of the technology company's stock after purchasing an additional 159,185 shares during the quarter. BNP Paribas Financial Markets owned about 0.23% of ACI Worldwide worth $12,509,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in ACI Worldwide by 11.9% during the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock valued at $13,136,000 after purchasing an additional 26,888 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in ACI Worldwide by 56.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after purchasing an additional 6,602 shares during the period. AXA S.A. lifted its position in ACI Worldwide by 11.6% during the fourth quarter. AXA S.A. now owns 144,007 shares of the technology company's stock valued at $7,475,000 after purchasing an additional 14,994 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in ACI Worldwide during the fourth quarter valued at $519,000. Finally, Ritholtz Wealth Management lifted its position in ACI Worldwide by 48.8% during the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock valued at $2,793,000 after purchasing an additional 17,636 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded up $0.35 during trading hours on Friday, reaching $49.12. The stock had a trading volume of 194,919 shares, compared to its average volume of 720,567. The stock's 50 day moving average is $52.25 and its 200 day moving average is $53.13. The firm has a market capitalization of $5.17 billion, a PE ratio of 23.28 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 current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

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

Insider Activity at ACI Worldwide

In other news, CEO Thomas W. Warsop III purchased 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now directly owns 326,922 shares in the company, valued at approximately $15,878,601.54. This represents a 1.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of 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 position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACIW. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Monday. StockNews.com upgraded shares of 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

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.