ACI Worldwide Inc (ACIW) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its position in ACI Worldwide Inc (NASDAQ:ACIW) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 313,325 shares of the technology company’s stock after buying an additional 28,375 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.27% of ACI Worldwide worth $7,432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its holdings in shares of ACI Worldwide by 2.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 95,858 shares of the technology company’s stock valued at $2,173,000 after buying an additional 2,287 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ACI Worldwide by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock valued at $140,000 after buying an additional 2,352 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of ACI Worldwide by 3.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 73,870 shares of the technology company’s stock valued at $1,675,000 after buying an additional 2,754 shares during the period. California Public Employees Retirement System raised its holdings in shares of ACI Worldwide by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 328,718 shares of the technology company’s stock valued at $7,452,000 after buying an additional 3,082 shares during the period. Finally, ING Groep NV raised its holdings in shares of ACI Worldwide by 23.8% in the 4th quarter. ING Groep NV now owns 17,892 shares of the technology company’s stock valued at $406,000 after buying an additional 3,435 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

In related news, Director Jan Suwinski sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.09, for a total transaction of $722,700.00. Following the completion of the transaction, the director now directly owns 166,896 shares of the company’s stock, valued at approximately $4,020,524.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Shay, Jr. sold 63,781 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $24.85, for a total value of $1,584,957.85. Following the transaction, the director now directly owns 91,896 shares of the company’s stock, valued at $2,283,615.60. The disclosure for this sale can be found here. Insiders own 4.42% of the company’s stock.



Several equities research analysts recently issued reports on the company. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Zacks Investment Research downgraded ACI Worldwide from a “hold” rating to a “sell” rating in a report on Monday, May 14th. TheStreet upgraded ACI Worldwide from a “c+” rating to a “b” rating in a report on Monday, March 12th. Finally, ValuEngine downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.00.

ACI Worldwide opened at $23.90 on Friday, according to Marketbeat. ACI Worldwide Inc has a 12 month low of $20.23 and a 12 month high of $26.37. The firm has a market cap of $2.78 billion, a P/E ratio of 23.43, a P/E/G ratio of 3.18 and a beta of 1.15. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.67.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 10th. The technology company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.06). ACI Worldwide had a positive return on equity of 8.61% and a negative net margin of 1.27%. The company had revenue of $209.30 million for the quarter, compared to analyst estimates of $206.17 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. research analysts forecast that ACI Worldwide Inc will post 0.63 EPS for the current fiscal year.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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