North Star Asset Management Inc. Has $35.63 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

North Star Asset Management Inc. trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 686,400 shares of the technology company's stock after selling 42,326 shares during the period. ACI Worldwide accounts for about 1.6% of North Star Asset Management Inc.'s holdings, making the stock its 14th biggest holding. North Star Asset Management Inc. owned 0.65% of ACI Worldwide worth $35,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ACIW. Barclays PLC raised its stake in ACI Worldwide by 11.9% during the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of ACI Worldwide by 56.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock worth $946,000 after purchasing an additional 6,602 shares during the last quarter. Bank of America Corp DE boosted its position in shares of ACI Worldwide by 267.7% in the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after acquiring an additional 410,142 shares during the last quarter. AXA S.A. increased its position in ACI Worldwide by 11.6% during the fourth quarter. AXA S.A. now owns 144,007 shares of the technology company's stock worth $7,475,000 after purchasing an additional 14,994 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ACI Worldwide in the 4th quarter valued at $519,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded down $0.33 during mid-day trading on Wednesday, hitting $46.26. The company had a trading volume of 687,164 shares, compared to its average volume of 736,866. ACI Worldwide, Inc. has a 12 month low of $33.32 and a 12 month high of $59.71. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 21.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm's 50 day simple moving average is $51.39 and its two-hundred day simple moving average is $52.84.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

ACIW has been the subject of several research reports. Jefferies Financial Group decreased 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 note on Tuesday. 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 report on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Insider Buying and Selling at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the sale, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas W. Warsop III bought 5,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer now owns 326,922 shares in the company, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% 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.