Wedge Capital Management L L P NC Trims Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Wedge Capital Management L L P NC decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,961 shares of the technology company's stock after selling 31,376 shares during the period. Wedge Capital Management L L P NC's holdings in ACI Worldwide were worth $1,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ACIW. Blue Trust Inc. grew its stake 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 worth $30,000 after acquiring an additional 298 shares in the last quarter. Covestor Ltd grew its stake in shares of ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after acquiring an additional 419 shares in the last quarter. Versant Capital Management Inc grew its stake 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 acquiring an additional 485 shares in the last quarter. Farther Finance Advisors LLC grew its stake 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 worth $99,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of ACI Worldwide in the fourth quarter worth $201,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the transaction, the director now owns 34,388 shares in the company, valued at $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average price of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Stock Down 3.9%

Shares of ACIW stock traded down $1.81 on Friday, reaching $45.07. 645,654 shares of the stock were exchanged, compared to its average volume of 738,302. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The business's 50 day moving average price is $49.57 and its 200 day moving average price is $51.99. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 21.36 and a beta of 1.07. ACI Worldwide, Inc. has a twelve month low of $35.30 and a twelve month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data 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. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. ACI Worldwide's revenue for the quarter was up 24.9% on a year-over-year basis. As a group, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ACIW. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Monday, May 12th. Jefferies Financial Group lowered their target price 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, May 27th. Finally, 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of "Moderate Buy" and an average price target 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.