ACI Worldwide, Inc. (NASDAQ:ACIW) Stake Lowered by Millennium Management LLC

Millennium Management LLC cut its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 84.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,610 shares of the technology company's stock after selling 341,776 shares during the period. Millennium Management LLC owned approximately 0.06% of ACI Worldwide worth $3,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ACI Worldwide by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,719 shares of the technology company's stock worth $7,460,000 after buying an additional 5,502 shares during the period. Gotham Asset Management LLC boosted its position in shares of ACI Worldwide by 209.8% during the fourth quarter. Gotham Asset Management LLC now owns 49,154 shares of the technology company's stock worth $2,552,000 after buying an additional 33,289 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of ACI Worldwide by 4.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 39,989 shares of the technology company's stock worth $2,076,000 after buying an additional 1,695 shares during the period. FJ Capital Management LLC boosted its position in shares of ACI Worldwide by 20.9% during the fourth quarter. FJ Capital Management LLC now owns 19,141 shares of the technology company's stock worth $994,000 after buying an additional 3,310 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of ACI Worldwide by 129.2% during the fourth quarter. Deutsche Bank AG now owns 148,305 shares of the technology company's stock worth $7,699,000 after buying an additional 83,596 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded down $0.14 during trading on Monday, hitting $46.12. The company had a trading volume of 709,427 shares, compared to its average volume of 737,992. The company has a market cap of $4.84 billion, a P/E ratio of 21.86 and a beta of 1.14. ACI Worldwide, Inc. has a 52 week low of $33.32 and a 52 week high of $59.71. The business's 50-day moving average is $50.90 and its 200 day moving average is $52.61. 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, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The firm's revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other news, CEO Thomas W. Warsop III bought 5,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now directly owns 326,922 shares in the company, valued at $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACIW shares. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price on the stock in a report on Monday, May 12th. Jefferies Financial Group dropped their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a 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 company's stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.