XTX Topco Ltd Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• XTX Topco Ltd acquired a new stake in ACI Worldwide, Inc., purchasing 21,923 shares valued at approximately $1,199,000.
• ACI Worldwide reported a 24.9% increase in revenue year-over-year, with earnings per share of $0.51 that exceeded estimates by $0.18.
• Several analysts have raised their ratings and target prices for ACI Worldwide, with an average target price of $60.00, reflecting a consensus of mostly buy ratings.

XTX Topco Ltd purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,923 shares of the technology company's stock, valued at approximately $1,199,000.

A number of other large investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. Covestor Ltd grew its position in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares in the last quarter. Wayfinding Financial LLC purchased a new position in ACI Worldwide during the first quarter worth about $39,000. Finally, Versant Capital Management Inc boosted its holdings in shares of ACI Worldwide by 121.3% in the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock worth $48,000 after purchasing an additional 485 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

Insider Transactions at ACI Worldwide

In other news, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the sale, the director directly owned 34,388 shares in the company, valued at $1,632,742.24. This represents a 17.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the sale, the director owned 77,631 shares of the company's stock, valued at $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

ACI Worldwide Stock Down 0.5%

Shares of ACI Worldwide stock traded down $0.21 during midday trading on Tuesday, hitting $41.72. The company had a trading volume of 205,736 shares, compared to its average volume of 729,855. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.42 and a beta of 1.07. The company has a 50 day moving average of $45.35 and a 200 day moving average of $49.79. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Stephens raised ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a research note on Thursday, July 17th. 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. Finally, Jefferies Financial Group lowered their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th.

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.