27,045 Shares in ACI Worldwide, Inc. $ACIW Bought by AlphaQuest LLC

AlphaQuest LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,045 shares of the technology company’s stock, valued at approximately $1,427,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Congress Asset Management Co. grew its holdings in ACI Worldwide by 13.1% in the third quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock worth $70,616,000 after purchasing an additional 154,817 shares during the period. Allianz Asset Management GmbH increased its position in shares of ACI Worldwide by 4.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 224,171 shares of the technology company’s stock valued at $10,292,000 after purchasing an additional 8,597 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in ACI Worldwide by 19.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,014,534 shares of the technology company’s stock valued at $53,537,000 after purchasing an additional 162,427 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of ACI Worldwide by 3.7% during the 3rd quarter. Reinhart Partners LLC. now owns 1,023,938 shares of the technology company’s stock valued at $54,034,000 after acquiring an additional 36,897 shares during the period. Finally, Capital Fund Management S.A. lifted its position in shares of ACI Worldwide by 242.4% in the second quarter. Capital Fund Management S.A. now owns 46,412 shares of the technology company’s stock valued at $2,131,000 after acquiring an additional 32,858 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer directly owned 96,897 shares in the company, valued at $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $43.36 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $58.14. The firm’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $47.63. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.48 and a beta of 1.05.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $482.36 million for the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.ACI Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. Analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.