Informed Momentum Co LLC Has $3.93 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• Informed Momentum Co LLC reduced its stake in ACI Worldwide by 36.0%, selling 40,408 shares and now holding approximately 0.07% of the company valued at $3.9 million.
• Several institutional investors, including Nuveen LLC and Bank of America Corp DE, have increased their positions in ACI Worldwide, with institutional ownership now at 94.74%.
• Analysts have mixed opinions on ACI Worldwide, with Jefferies Financial Group lowering its price target from $68.00 to $60.00, while Stephens upgraded their rating to "overweight" with a target price of $60.00.

Informed Momentum Co LLC cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 36.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,809 shares of the technology company's stock after selling 40,408 shares during the quarter. Informed Momentum Co LLC owned about 0.07% of ACI Worldwide worth $3,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted 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 worth $13,136,000 after purchasing an additional 26,888 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 purchasing an additional 18,218 shares during the period. Principal Financial Group Inc. boosted its position in ACI Worldwide by 2.3% during the first quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company's stock worth $30,530,000 after purchasing an additional 12,534 shares during the period. GAMMA Investing LLC boosted its position in 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 purchasing an additional 642 shares during the period. Finally, Bank of America Corp DE boosted its position in 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 purchasing an additional 410,142 shares during the period. 94.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ACIW. 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. Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research report on Thursday, July 17th. Jefferies Financial Group reduced their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th.

Insiders Place Their Bets

In other news, Director Janet O. Estep sold 4,500 shares of ACI Worldwide 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the transaction, the director directly owned 34,388 shares of the company's stock, 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. 1.10% of the stock is currently owned by company insiders.

ACI Worldwide Stock Performance

Shares of ACIW traded down $0.68 during midday trading on Thursday, reaching $46.61. 919,625 shares of the stock were exchanged, compared to its average volume of 752,311. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.81 billion, a P/E ratio of 19.67 and a beta of 1.07. The stock's 50 day simple moving average is $45.06 and its 200 day simple moving average is $49.41.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The company had revenue of $401.26 million during the quarter, compared to the consensus estimate of $380.45 million. During the same quarter last year, the firm earned $0.47 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current 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.