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

Nuveen Asset Management LLC trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 463,662 shares of the technology company's stock after selling 85,778 shares during the period. Nuveen Asset Management LLC owned 0.44% of ACI Worldwide worth $24,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ACIW. Blue Trust Inc. grew its stake in ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after acquiring an additional 298 shares in the last quarter. 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 buying an additional 419 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after buying an additional 1,397 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in ACI Worldwide in the 4th quarter valued at $201,000. Finally, Nkcfo LLC acquired a new stake in shares of ACI Worldwide in the 4th quarter worth $208,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.7%

Shares of NASDAQ:ACIW opened at $46.47 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 22.02 and a beta of 1.14. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The business has a 50-day moving average price of $51.79 and a 200 day moving average price of $53.05. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly 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. The business had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business's revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Buying and Selling

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now directly owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares of the company's stock, valued at approximately $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, May 12th. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.

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