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 1st quarter, according to its most recent filing with the SEC. The fund owned 141,829 shares of the technology company's stock after purchasing an additional 36,592 shares during the period. EULAV Asset Management owned 0.13% of ACI Worldwide worth $7,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACIW. US Bancorp DE increased its stake in shares of ACI Worldwide by 66.3% during the 4th quarter. US Bancorp DE now owns 6,107 shares of the technology company's stock worth $317,000 after purchasing an additional 2,434 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ACI Worldwide by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,333 shares of the technology company's stock valued at $72,587,000 after buying an additional 8,599 shares during the period. Victory Capital Management Inc. grew its stake in shares of ACI Worldwide by 75.1% during the 4th quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company's stock valued at $25,798,000 after buying an additional 213,181 shares during the period. Assetmark Inc. lifted its holdings in shares of ACI Worldwide by 5.2% during the 4th quarter. Assetmark Inc. now owns 35,371 shares of the technology company's stock valued at $1,836,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of ACI Worldwide by 33.1% during the 4th quarter. Atria Investments Inc now owns 20,674 shares of the technology company's stock valued at $1,073,000 after acquiring an additional 5,142 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the transaction, the director directly owned 34,388 shares of the company's stock, valued at $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet O. Estep sold 4,500 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director directly 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACIW shares. DA Davidson raised 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. Jefferies Financial Group dropped their price objective 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 upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide Trading Down 0.9%

Shares of ACIW traded down $0.42 during trading hours on Wednesday, reaching $45.51. The stock had a trading volume of 252,581 shares, compared to its average volume of 726,512. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide, Inc. has a 52 week low of $38.59 and a 52 week high of $59.71. The firm has a 50-day moving average of $47.48 and a 200 day moving average of $50.89. The company has a market cap of $4.77 billion, a P/E ratio of 17.91 and a beta of 1.06.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The company had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter last year, the company earned $0.10 EPS. ACI Worldwide's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

About ACI Worldwide

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.