Two Sigma Advisers LP Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Two Sigma Advisers LP bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,500 shares of the technology company’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 298 shares during the last quarter. Covestor Ltd lifted its holdings in ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after buying an additional 419 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock valued at $99,000 after purchasing an additional 1,397 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at about $201,000. Finally, Nkcfo LLC acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at about $208,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 1.5%

Shares of NASDAQ:ACIW opened at $46.79 on Wednesday. ACI Worldwide, Inc. has a 1-year low of $33.32 and a 1-year 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 stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.18 and a beta of 1.14. The company has a 50 day moving average price of $50.56 and a 200 day moving average price of $52.51.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $394.57 million for 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%. ACI Worldwide’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of several research reports. Jefferies Financial Group dropped their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, May 27th. 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 report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity

In other ACI Worldwide news, CEO Thomas W. Warsop III acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

About ACI Worldwide

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.