Redwood Investments LLC Grows Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Redwood Investments LLC raised its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 87.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,856 shares of the technology company's stock after buying an additional 16,713 shares during the period. Redwood Investments LLC's holdings in ACI Worldwide were worth $1,861,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACIW. Barclays PLC boosted its position in shares of ACI Worldwide by 244.0% during the third quarter. Barclays PLC now owns 226,173 shares of the technology company's stock valued at $11,513,000 after buying an additional 160,425 shares during the period. Ritholtz Wealth Management boosted its position in shares of ACI Worldwide by 48.8% during the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock valued at $2,793,000 after buying an additional 17,636 shares during the period. SG Americas Securities LLC boosted its holdings in shares of ACI Worldwide by 30.7% in the fourth quarter. SG Americas Securities LLC now owns 10,140 shares of the technology company's stock valued at $526,000 after purchasing an additional 2,381 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after purchasing an additional 6,602 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of ACI Worldwide in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded up $0.10 during mid-day trading on Friday, hitting $48.87. The stock had a trading volume of 734,445 shares, compared to its average volume of 725,437. 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 company has a 50 day moving average of $52.19 and a two-hundred day moving average of $53.14. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71. The firm has a market cap of $5.13 billion, a PE ratio of 23.16 and a beta of 1.14.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its earnings results 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 return on equity of 21.67% and a net margin of 14.04%. 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 prior year, the firm earned $0.10 EPS. The firm's revenue was up 24.9% on a year-over-year basis. Research analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Thomas W. Warsop III purchased 5,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 approximately $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACIW. StockNews.com upgraded ACI Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from 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.