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

North Star Asset Management Inc. reduced its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 686,400 shares of the technology company's stock after selling 42,326 shares during the quarter. ACI Worldwide comprises 1.6% of North Star Asset Management Inc.'s portfolio, making the stock its 14th biggest holding. North Star Asset Management Inc. owned approximately 0.65% of ACI Worldwide worth $35,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACIW. Vanguard Group Inc. boosted its stake in ACI Worldwide by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after buying an additional 189,980 shares in the last quarter. Hood River Capital Management LLC lifted its stake in ACI Worldwide by 3.1% in the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock valued at $175,171,000 after buying an additional 100,311 shares during the period. Geode Capital Management LLC raised its holdings in ACI Worldwide by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after purchasing an additional 459,821 shares during the period. North Reef Capital Management LP raised its stake in 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 period. Finally, Invesco Ltd. lifted its holdings in shares of ACI Worldwide by 8.5% during the 4th quarter. Invesco Ltd. now owns 2,013,328 shares of the technology company's stock valued at $104,512,000 after purchasing an additional 157,303 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Activity at ACI Worldwide

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

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock traded down $0.11 during trading on Thursday, hitting $46.15. 170,771 shares of the stock were exchanged, compared to its average volume of 752,850. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.88 and a beta of 1.14. The company has a fifty day moving average price of $51.25 and a 200-day moving average price of $52.79. ACI Worldwide, Inc. has a 1-year low of $33.31 and a 1-year high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating 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 the consensus estimate of $364.36 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company's quarterly revenue was up 24.9% on a year-over-year basis. As a group, equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on ACIW shares. Jefferies Financial Group dropped their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday. Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, 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 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 assigned a strong buy rating to the company. According to MarketBeat.com, ACI Worldwide has a consensus rating of "Moderate Buy" and an average target price of $60.00.

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.