American Century Companies Inc. Buys 246,228 Shares of ACI Worldwide, Inc. $ACIW

Key Points

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American Century Companies Inc. raised its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,251,707 shares of the technology company's stock after purchasing an additional 246,228 shares during the quarter. American Century Companies Inc. owned 1.19% of ACI Worldwide worth $68,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ACIW. Raymond James Financial Inc. bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $5,292,000. Barclays PLC lifted its holdings in shares of ACI Worldwide by 11.9% in the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares during the last quarter. Mariner LLC lifted its holdings in shares of ACI Worldwide by 5.9% in the 4th quarter. Mariner LLC now owns 13,415 shares of the technology company's stock worth $696,000 after acquiring an additional 743 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of ACI Worldwide by 47.0% in the 4th quarter. First Trust Advisors LP now owns 160,182 shares of the technology company's stock worth $8,315,000 after acquiring an additional 51,216 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of ACI Worldwide by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 63,374 shares of the technology company's stock worth $3,290,000 after acquiring an additional 3,598 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Trading Up 1.5%

NASDAQ:ACIW opened at $47.25 on Tuesday. The company has a fifty day moving average of $45.03 and a 200 day moving average of $49.20. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $59.71. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $4.88 billion, a P/E ratio of 19.94 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of recent research reports. 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 report on Monday, May 12th. 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 report on Thursday, July 17th. Wall Street Zen lowered shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group lowered their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th.

Insiders Place Their Bets

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the transaction, the director directly owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the transaction, the director directly owned 34,388 shares in the company, valued at approximately $1,632,742.24. The trade was a 17.30% 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.

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