Jackson Creek Investment Advisors LLC Lowers Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Jackson Creek Investment Advisors LLC reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 32.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 26,191 shares of the technology company's stock after selling 12,331 shares during the period. Jackson Creek Investment Advisors LLC's holdings in ACI Worldwide were worth $1,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of ACI Worldwide by 11.9% in the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after buying an additional 26,888 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ACI Worldwide by 4,756.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company's stock worth $1,018,000 after buying an additional 18,218 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of ACI Worldwide by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company's stock worth $30,530,000 after buying an additional 12,534 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock worth $179,000 after buying an additional 642 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of ACI Worldwide by 267.7% in the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after buying an additional 410,142 shares during the period. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Down 0.5%

Shares of ACIW traded down $0.21 during trading hours on Monday, hitting $45.13. The company had a trading volume of 65,287 shares, compared to its average volume of 722,592. The company's fifty day moving average price is $46.22 and its two-hundred day moving average price is $50.45. ACI Worldwide, Inc. has a one year low of $40.94 and a one year high of $59.71. The company has a market capitalization of $4.73 billion, a PE ratio of 17.79 and a beta of 1.06. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The business had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company's revenue was up 24.9% on a year-over-year basis. As a group, equities analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the subject of several research reports. DA Davidson upgraded 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 ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Jefferies Financial Group reduced their price target on 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, Stephens raised ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target for the company in a research report on Thursday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $60.00.

Insider Transactions at ACI Worldwide

In other news, Director Mary P. Harman sold 7,194 shares of the stock in a transaction dated Tuesday, June 10th. The stock was 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 approximately $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet O. Estep sold 4,500 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the transaction, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.