ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 51.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,879 shares of the technology company's stock after selling 43,923 shares during the period. Edgestream Partners L.P.'s holdings in ACI Worldwide were worth $2,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in ACI Worldwide by 22.5% in the first quarter. CWM LLC now owns 4,490 shares of the technology company's stock valued at $246,000 after purchasing an additional 825 shares during the last quarter. Xponance Inc. grew its stake in shares of ACI Worldwide by 9.0% during the first quarter. Xponance Inc. now owns 8,288 shares of the technology company's stock worth $453,000 after purchasing an additional 684 shares in the last quarter. Kesler Norman & Wride LLC boosted its stake in ACI Worldwide by 16.1% in the first quarter. Kesler Norman & Wride LLC now owns 16,845 shares of the technology company's stock valued at $922,000 after acquiring an additional 2,340 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of ACI Worldwide by 37.3% during the first quarter. Cerity Partners LLC now owns 12,194 shares of the technology company's stock worth $667,000 after buying an additional 3,315 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new stake in ACI Worldwide in the first quarter valued at about $339,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Down 0.7%

Shares of ACIW traded down $0.34 during trading hours on Monday, hitting $45.00. The stock had a trading volume of 415,432 shares, compared to its average volume of 723,941. The company's fifty day simple moving average is $46.22 and its 200 day simple moving average is $50.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $4.72 billion, a P/E ratio of 16.79 and a beta of 1.06. ACI Worldwide, Inc. has a 12-month low of $40.94 and a 12-month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $364.36 million. During the same quarter in the previous year, the business earned $0.10 EPS. ACI Worldwide's quarterly 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.

Insider Activity

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 stock was acquired at an average price of $48.57 per share, with a total value of $242,850.00. Following the transaction, the chief executive officer owned 326,922 shares in the company, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Janet O. Estep sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the transaction, the director owned 77,631 shares of the company's stock, valued at approximately $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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACIW shares. Jefferies Financial Group reduced their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research note 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 research report on Monday, May 12th. Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a report on Thursday. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $60.00.

ACI Worldwide Company 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.