EULAV Asset Management Purchases 36,592 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

EULAV Asset Management increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 34.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,829 shares of the technology company's stock after acquiring an additional 36,592 shares during the quarter. EULAV Asset Management owned about 0.13% of ACI Worldwide worth $7,759,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in ACI Worldwide by 11.9% during the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company's stock valued at $13,136,000 after purchasing an additional 26,888 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of ACI Worldwide by 4,756.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company's stock worth $1,018,000 after acquiring an additional 18,218 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 24.5% during the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock worth $179,000 after acquiring an additional 642 shares in the last quarter. Bank of America Corp DE raised its stake in shares of ACI Worldwide by 267.7% during the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after acquiring an additional 410,142 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of ACI Worldwide by 5.9% during the first quarter. Harbor Capital Advisors Inc. now owns 144,122 shares of the technology company's stock worth $7,885,000 after acquiring an additional 8,023 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ACIW shares. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Monday, May 12th. Jefferies Financial Group decreased their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

Insider Activity

In other 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 sale, the director owned 77,631 shares in the company, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 sale, the director owned 34,388 shares in the company, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

ACI Worldwide Trading Down 0.7%

Shares of NASDAQ ACIW traded down $0.32 during mid-day trading on Thursday, hitting $45.11. The stock had a trading volume of 628,306 shares, compared to its average volume of 729,146. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. ACI Worldwide, Inc. has a 1 year low of $38.59 and a 1 year high of $59.71. The business has a 50 day moving average price of $47.32 and a two-hundred day moving average price of $50.85. The firm has a market cap of $4.73 billion, a P/E ratio of 17.76 and a beta of 1.06.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The company 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 16.12% and a return on equity of 20.94%. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, equities analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

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.