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

GAMMA Investing LLC grew 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 filing with the SEC. The firm owned 178,683 shares of the technology company's stock after acquiring an additional 176,059 shares during the period. GAMMA Investing LLC owned about 0.17% of ACI Worldwide worth $9,776,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ACIW. Versant Capital Management Inc increased its stake in ACI Worldwide by 121.3% during the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after purchasing an additional 485 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ACI Worldwide in the 4th quarter worth $242,000. Mackenzie Financial Corp raised its stake in shares of ACI Worldwide by 29.4% in the fourth quarter. Mackenzie Financial Corp now owns 90,437 shares of the technology company's stock worth $4,695,000 after purchasing an additional 20,559 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of ACI Worldwide by 2.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 88,349 shares of the technology company's stock valued at $4,586,000 after purchasing an additional 2,276 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ACI Worldwide by 12.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 358,344 shares of the technology company's stock valued at $18,602,000 after purchasing an additional 40,733 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

ACIW has been the subject of several research analyst reports. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Monday, May 12th. 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. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ACI Worldwide has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Insider Transactions at ACI Worldwide

In related news, CEO Thomas W. Warsop III purchased 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, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer now directly owns 326,922 shares in the company, valued at $15,878,601.54. This represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

ACI Worldwide Trading Up 0.7%

Shares of NASDAQ:ACIW opened at $47.30 on Friday. The stock's 50-day simple moving average is $50.06 and its two-hundred day simple moving average is $52.35. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.42 and a beta of 1.07. ACI Worldwide, Inc. has a 52-week low of $33.32 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current 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.

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