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

Jackson Creek Investment Advisors LLC cut its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 32.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 large investors have also recently made changes to their positions in ACIW. Raymond James Financial Inc. purchased a new position in shares of ACI Worldwide during the 4th quarter worth about $5,292,000. HighTower Advisors LLC boosted its stake in shares of ACI Worldwide by 10.7% during the 4th quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company's stock worth $806,000 after purchasing an additional 1,507 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of ACI Worldwide by 278.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after purchasing an additional 1,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ACI Worldwide during the 4th quarter worth about $1,661,000. Finally, Corient Private Wealth LLC boosted its stake in shares of ACI Worldwide by 5.0% during the 4th quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock worth $293,000 after purchasing an additional 267 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

ACI Worldwide stock traded down $0.28 during mid-day trading on Friday, reaching $45.42. 54,859 shares of the company traded hands, compared to its average volume of 723,663. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. ACI Worldwide, Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $59.71. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 17.89 and a beta of 1.06. The firm's fifty day moving average is $46.24 and its two-hundred day moving average is $50.52.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data 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 net margin of 16.12% and a return on equity of 20.94%. The firm had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business's quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In related news, Director Mary P. Harman sold 7,194 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the sale, the director directly owned 34,388 shares in the company, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $48.57 per share, with a total value of $242,850.00. Following the completion of the transaction, the chief executive officer owned 326,922 shares of the company's stock, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ACIW has been the subject of several research reports. Jefferies Financial Group lowered 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. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. 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. Finally, 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $60.00.

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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