SG Americas Securities LLC Has $2.82 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

SG Americas Securities LLC raised its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 408.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,529 shares of the technology company's stock after buying an additional 41,389 shares during the period. SG Americas Securities LLC's holdings in ACI Worldwide were worth $2,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACIW. Blue Trust Inc. raised its holdings in shares of ACI Worldwide by 104.9% during the 4th 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 raised its holdings in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after buying an additional 419 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock worth $48,000 after buying an additional 485 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of ACI Worldwide by 278.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after acquiring an additional 1,397 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ACI Worldwide by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock worth $179,000 after acquiring an additional 642 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ACI Worldwide

In related news, CEO Thomas W. Warsop III acquired 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, with a total value of $242,850.00. Following the acquisition, the chief executive officer now directly owns 326,922 shares in the company, valued at $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary P. Harman sold 7,194 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the sale, the director now owns 34,388 shares of the company's stock, valued at $1,632,742.24. The trade was a 17.30% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Performance

ACI Worldwide stock traded down $0.21 during trading hours on Wednesday, hitting $44.79. The stock had a trading volume of 165,759 shares, compared to its average volume of 735,983. The company has a 50-day moving average of $49.36 and a two-hundred day moving average of $51.83. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. ACI Worldwide, Inc. has a fifty-two week low of $35.85 and a fifty-two week high of $59.71. The company has a market cap of $4.70 billion, a PE ratio of 17.64 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The business had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same period in the prior year, the company posted $0.10 earnings per share. ACI Worldwide's revenue was up 24.9% on a year-over-year basis. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of several research analyst reports. Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. 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. Finally, Jefferies Financial Group reduced their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.