Assenagon Asset Management S.A. Has $37.36 Million Stake in ACI Worldwide, Inc. $ACIW

Key Points

• Assenagon Asset Management increased its position in ACI Worldwide by 159.8% in Q4 to 781,468 shares (about $37.36 million), representing roughly 0.76% of the company.
• ACI's latest quarter showed EPS of $0.90 (missed consensus $1.05) while revenue of $481.6M beat estimates and rose 6.3% year-over-year; the stock trades near $40 with a market cap of ~$4.07B and an average analyst price target of $60.
• Company insiders bought shares in March and institutional ownership is very high at 94.73%, with major managers like UBS and Millennium notably increasing their stakes.

Assenagon Asset Management S.A. raised its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 159.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 781,468 shares of the technology company's stock after acquiring an additional 480,711 shares during the quarter. Assenagon Asset Management S.A. owned about 0.76% of ACI Worldwide worth $37,362,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Millennium Management LLC boosted its position in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company's stock valued at $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC increased its holdings in ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company's stock worth $81,000 after purchasing an additional 711 shares in the last quarter. Caxton Associates LLP bought a new stake in ACI Worldwide in the first quarter worth approximately $259,000. Empowered Funds LLC lifted its stake in ACI Worldwide by 64.2% in the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company's stock valued at $895,000 after buying an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in ACI Worldwide by 13.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company's stock valued at $22,285,000 after buying an additional 48,988 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 0.5%

ACIW stock opened at $40.04 on Thursday. The stock's 50 day simple moving average is $41.35 and its 200 day simple moving average is $46.19. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $57.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $4.07 billion, a P/E ratio of 18.45 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $481.60 million during the quarter, compared to the consensus estimate of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. On average, research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, Director Juan Benitez II acquired 2,400 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the acquisition, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This represents a 16.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Adalio T. Sanchez acquired 3,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the purchase, the director directly owned 64,378 shares of the company's stock, valued at approximately $2,638,210.44. This represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACIW shares. Zacks Research downgraded shares of ACI Worldwide from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 10th. Weiss Ratings lowered shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.00.

ACI Worldwide Company Profile

ACI Worldwide NASDAQ: ACIW is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company's platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI's modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.

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