Envestnet Asset Management Inc. Has $11.03 Million Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Envestnet Asset Management Inc. reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,666 shares of the technology company's stock after selling 12,612 shares during the period. Envestnet Asset Management Inc. owned about 0.19% of ACI Worldwide worth $11,033,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ACIW. Vanguard Group Inc. lifted its holdings in shares of ACI Worldwide by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after acquiring an additional 189,980 shares during the period. Hood River Capital Management LLC grew its stake in ACI Worldwide by 3.1% during the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock worth $175,171,000 after buying an additional 100,311 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after buying an additional 459,821 shares in the last quarter. North Reef Capital Management LP raised its stake in shares of ACI Worldwide by 18.3% in the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock valued at $111,139,000 after acquiring an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of ACI Worldwide by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,013,328 shares of the technology company's stock worth $104,512,000 after acquiring an additional 157,303 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Trading Down 2.2%

Shares of ACIW stock traded down $1.01 on Thursday, reaching $44.95. 616,628 shares of the stock were exchanged, compared to its average volume of 627,929. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. ACI Worldwide, Inc. has a one year low of $41.42 and a one year high of $59.71. The stock has a market cap of $4.72 billion, a PE ratio of 17.70 and a beta of 1.06. The stock has a 50 day moving average price of $46.00 and a 200 day moving average price of $50.33.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Jefferies Financial Group cut their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. 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 report on Monday, May 12th. Finally, Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research report on Thursday, July 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $60.00.

Insiders Place Their Bets

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 directly owned 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 Mary P. Harman sold 7,194 shares of the stock in a transaction dated 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 transaction, the director directly owned 34,388 shares in the company, valued at $1,632,742.24. The trade was a 17.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.