ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,344 shares of the technology company's stock after purchasing an additional 40,733 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of ACI Worldwide worth $18,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in ACI Worldwide by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after purchasing an additional 189,980 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 3.1% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its position in shares of ACI Worldwide by 18.4% in the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after buying an additional 459,821 shares during the last quarter. North Reef Capital Management LP grew its position in shares of ACI Worldwide by 18.3% in 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 last quarter. Finally, Invesco Ltd. raised its stake 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 worth $104,512,000 after acquiring an additional 157,303 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Finally, DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, May 12th. Two investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Stock Performance

ACIW stock traded down $0.14 during trading on Monday, reaching $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 price-to-earnings ratio of 21.86 and a beta of 1.14. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a 50-day simple moving average of $50.72 and a 200-day simple moving average of $52.55.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The business 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 business's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insiders Place Their Bets

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 5,000 shares of ACI Worldwide stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, with a total value of $242,850.00. Following the transaction, the chief executive officer now owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by 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.