North Star Asset Management Inc. Sells 42,326 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

North Star Asset Management Inc. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,400 shares of the technology company's stock after selling 42,326 shares during the quarter. ACI Worldwide comprises approximately 1.6% of North Star Asset Management Inc.'s holdings, making the stock its 14th largest position. North Star Asset Management Inc. owned about 0.65% of ACI Worldwide worth $35,631,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares in the last quarter. Covestor Ltd grew its holdings in shares of ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after purchasing an additional 1,397 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of ACI Worldwide in the fourth quarter valued at $201,000. Finally, Nkcfo LLC purchased a new position in shares of ACI Worldwide in the fourth quarter valued at $208,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACIW has been the subject of a number of recent research reports. Jefferies Financial Group cut their target price on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday. DA Davidson raised shares of 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. Finally, Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Two 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Trading Up 0.6%

Shares of NASDAQ:ACIW traded up $0.30 on Tuesday, hitting $46.59. 791,387 shares of the company's stock were exchanged, compared to its average volume of 737,065. ACI Worldwide, Inc. has a 12 month low of $33.32 and a 12 month high of $59.71. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.08 and a beta of 1.14. The business's 50 day simple moving average is $51.53 and its two-hundred day simple moving average is $52.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data 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. 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%. ACI Worldwide's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Activity at ACI Worldwide

In other news, CEO Thomas W. Warsop III acquired 5,000 shares of the firm's stock in a transaction that occurred 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 acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction dated 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 transaction, the director now owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

ACI Worldwide Company 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.