Caxton Associates LP Acquires Shares of 4,738 ACI Worldwide, Inc. (NASDAQ:ACIW)

Caxton Associates LP bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,738 shares of the technology company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC boosted its stake in shares of ACI Worldwide by 244.0% during the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company's stock worth $11,513,000 after acquiring an additional 160,425 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ACI Worldwide by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company's stock worth $13,133,000 after purchasing an additional 8,914 shares during the last quarter. GAMMA Investing LLC grew its stake in ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after acquiring an additional 508 shares in the last quarter. Nordea Investment Management AB increased its holdings in ACI Worldwide by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 245,654 shares of the technology company's stock valued at $12,753,000 after buying an additional 11,391 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in ACI Worldwide by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 136,099 shares of the technology company's stock valued at $7,065,000 after acquiring an additional 2,418 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Up 0.7%

ACI Worldwide stock traded up $0.35 during mid-day trading on Tuesday, reaching $49.11. 320,143 shares of the company's stock were exchanged, compared to its average volume of 713,190. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71. The company has a fifty day moving average of $52.46 and a 200-day moving average of $53.19. The company has a market cap of $5.17 billion, a P/E ratio of 23.27 and a beta of 1.14. 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 data on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same period in the previous year, the business posted $0.10 earnings per share. ACI Worldwide's quarterly revenue was up 24.9% on a year-over-year basis. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.00.

Insider Buying and Selling

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction dated 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 owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. The trade was a 13.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the company's stock in a transaction dated 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 owns 326,922 shares in the company, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

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.