ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,666 shares of the technology company's stock after selling 12,612 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of ACI Worldwide worth $11,033,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ACIW. Norges Bank acquired a new stake in shares of ACI Worldwide during the 4th quarter valued at about $75,868,000. American Century Companies Inc. grew its position in shares of ACI Worldwide by 206.2% during the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock valued at $52,194,000 after acquiring an additional 677,143 shares during the period. Geode Capital Management LLC grew its position in shares of ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after acquiring an additional 459,821 shares during the period. Ameriprise Financial Inc. grew its position in shares of ACI Worldwide by 160.4% during the 4th quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock valued at $35,027,000 after acquiring an additional 415,612 shares during the period. Finally, Bank of America Corp DE grew its position in shares of ACI Worldwide by 267.7% during the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after acquiring an additional 410,142 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACIW shares. 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 lowered their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective on the stock in a report on Thursday. Finally, DA Davidson upgraded 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. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $60.00.

ACI Worldwide Trading Down 0.8%

ACIW stock opened at $45.34 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide, Inc. has a 12-month low of $40.94 and a 12-month high of $59.71. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 17.85 and a beta of 1.06. The business's 50-day moving average is $46.22 and its 200 day moving average is $50.45.

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 for the quarter, topping 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 business had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same period last year, the company posted $0.10 EPS. The business's revenue was up 24.9% on a year-over-year basis. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, CEO Thomas W. Warsop III bought 5,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer directly owned 326,922 shares of the company's stock, valued at $15,878,601.54. This trade represents a 1.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the transaction, the director directly owned 77,631 shares in the company, 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. Corporate insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.