Gotham Asset Management LLC Has $2.55 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Gotham Asset Management LLC grew its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 209.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,154 shares of the technology company's stock after purchasing an additional 33,289 shares during the quarter. Gotham Asset Management LLC's holdings in ACI Worldwide were worth $2,552,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in ACI Worldwide by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock worth $719,652,000 after buying an additional 189,980 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in ACI Worldwide by 3.1% during the 4th quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock worth $175,171,000 after buying an additional 100,311 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ACI Worldwide by 18.4% during 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 in the last quarter. North Reef Capital Management LP lifted its holdings 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 in the last quarter. Finally, Invesco Ltd. lifted its holdings in 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 buying an additional 157,303 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas W. Warsop III bought 5,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now owns 326,922 shares in the company, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the 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 transaction, the director now owns 80,842 shares of the company's stock, valued at approximately $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. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ACIW has been the subject of several recent research reports. StockNews.com upgraded shares of ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. DA Davidson upgraded shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide Trading Up 0.5%

Shares of ACIW traded up $0.25 during trading hours on Monday, reaching $49.12. The stock had a trading volume of 573,042 shares, compared to its average volume of 724,827. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 52 week low of $33.32 and a 52 week high of $59.71. The firm has a 50-day moving average of $52.19 and a 200 day moving average of $53.17. The company has a market cap of $5.15 billion, a P/E ratio of 23.28 and a beta of 1.14.

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 analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The business had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm's quarterly revenue was up 24.9% on a year-over-year basis. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

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.