Jane Street Group LLC Sells 202,926 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Jane Street Group LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 94.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,317 shares of the technology company's stock after selling 202,926 shares during the period. Jane Street Group LLC's holdings in ACI Worldwide were worth $587,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of ACI Worldwide by 37.3% in the 4th quarter. AQR Capital Management LLC now owns 148,302 shares of the technology company's stock worth $7,632,000 after acquiring an additional 40,266 shares during the period. Lido Advisors LLC grew its holdings in ACI Worldwide by 22.0% in the fourth quarter. Lido Advisors LLC now owns 10,955 shares of the technology company's stock valued at $569,000 after purchasing an additional 1,973 shares during the last quarter. Northern Trust Corp increased its position in shares of ACI Worldwide by 3.2% in the fourth quarter. Northern Trust Corp now owns 1,364,004 shares of the technology company's stock valued at $70,805,000 after buying an additional 42,376 shares in the last quarter. North Reef Capital Management LP raised its stake in shares of ACI Worldwide by 18.3% during the 4th quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock worth $111,139,000 after buying an additional 331,000 shares during the last quarter. Finally, Oberweis Asset Management Inc. boosted its position in shares of ACI Worldwide by 61.9% in the 4th quarter. Oberweis Asset Management Inc. now owns 333,012 shares of the technology company's stock worth $17,287,000 after buying an additional 127,300 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded up $0.01 during trading hours on Friday, hitting $46.15. The stock had a trading volume of 655,461 shares, compared to its average volume of 737,732. The stock's fifty day simple moving average is $51.09 and its 200 day simple moving average is $52.73. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.87 and a beta of 1.14. ACI Worldwide, Inc. has a 1-year low of $33.32 and a 1-year 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 posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping 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 firm 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 business posted $0.10 earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. Sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. 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. Jefferies Financial Group lowered their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Monday, May 12th. Two research 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the sale, the director now owns 80,842 shares in the company, valued at $4,654,073.94. This represents a 13.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the purchase, the chief executive officer now directly owns 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. 1.00% of the stock is owned by insiders.

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.