GAMMA Investing LLC Acquires 176,059 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

GAMMA Investing LLC boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 6,709.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,683 shares of the technology company's stock after buying an additional 176,059 shares during the period. GAMMA Investing LLC owned approximately 0.17% of ACI Worldwide worth $9,776,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ACI Worldwide in the fourth quarter worth about $75,868,000. Congress Asset Management Co. bought a new position in shares of ACI Worldwide in the fourth quarter worth about $55,998,000. American Century Companies Inc. lifted its holdings in shares of ACI Worldwide by 206.2% in the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after acquiring an additional 677,143 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ACI Worldwide by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after acquiring an additional 459,821 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after acquiring an additional 415,612 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACIW shares. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Monday, May 12th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group dropped their target price 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ACI Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Insider Transactions at ACI Worldwide

In related news, CEO Thomas W. Warsop III bought 5,000 shares of ACI Worldwide 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 acquisition, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

ACI Worldwide Trading Down 0.7%

NASDAQ:ACIW traded down $0.32 on Wednesday, reaching $47.06. 457,686 shares of the stock traded hands, compared to its average volume of 737,238. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 22.30 and a beta of 1.07. The company's 50 day moving average is $49.69 and its 200-day moving average is $52.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 1-year low of $34.51 and a 1-year high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results 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 14.04% and a return on equity of 21.67%. The business had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same quarter last year, the firm posted $0.10 EPS. ACI Worldwide's revenue was up 24.9% compared to the same quarter last year. Equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS 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.