Fox Run Management L.L.C. Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• Fox Run Management L.L.C. acquired 34,140 shares of ACI Worldwide, valued at approximately $1,868,000, in the first quarter.
• Insider transactions include Director Janet O. Estep selling 4,500 shares, reducing her stake by 5.48%, while Director Mary P. Harman sold 7,194 shares, decreasing her position by 17.30%.
• ACI Worldwide reported $0.35 earnings per share for the last quarter, surpassing estimates, with revenue increasing by 7.4% year-over-year to $401.26 million.

Fox Run Management L.L.C. bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,140 shares of the technology company's stock, valued at approximately $1,868,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of ACI Worldwide during the 1st quarter valued at $25,000. Covestor Ltd boosted its stake 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 acquiring an additional 419 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in ACI Worldwide in the first quarter worth $39,000. Finally, Cheviot Value Management LLC acquired a new stake in ACI Worldwide in the first quarter worth $44,000. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Down 0.1%

Shares of NASDAQ:ACIW traded down $0.05 during midday trading on Friday, hitting $46.56. 763,641 shares of the company's stock were exchanged, compared to its average volume of 934,760. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a market cap of $4.80 billion, a PE ratio of 19.65 and a beta of 1.07. The stock has a 50 day moving average price of $45.04 and a 200-day moving average price of $49.28.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The business had revenue of $401.26 million during the quarter, compared to the consensus estimate of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACIW. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research report on Monday, May 12th. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a report on Thursday, July 17th. Wall Street Zen cut ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group lowered their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th.

Insider Activity 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 shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the sale, the director 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the sale, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.