Bridgefront Capital LLC Purchases Shares of 14,755 ACI Worldwide, Inc. $ACIW

Bridgefront Capital LLC purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,755 shares of the technology company’s stock, valued at approximately $779,000.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of ACI Worldwide by 79.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after acquiring an additional 4,280,684 shares during the period. Norges Bank bought a new position in ACI Worldwide during the second quarter worth $47,641,000. American Century Companies Inc. grew its holdings in ACI Worldwide by 32.8% in the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock worth $76,308,000 after purchasing an additional 410,423 shares during the period. Qube Research & Technologies Ltd increased its stake in ACI Worldwide by 305.1% in the second quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company’s stock valued at $19,915,000 after purchasing an additional 326,699 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in ACI Worldwide by 16.2% in the second quarter. Alliancebernstein L.P. now owns 2,228,131 shares of the technology company’s stock valued at $102,293,000 after purchasing an additional 310,785 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the acquisition, the director directly owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. The trade was a 4.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juan Benitez II bought 2,400 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the acquisition, the director directly owned 16,881 shares in the company, valued at $707,313.90. The trade was a 16.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.10% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $39.77 on Monday. The company has a market cap of $4.05 billion, a P/E ratio of 18.33 and a beta of 1.07. The company has a fifty day simple moving average of $42.37 and a 200 day simple moving average of $46.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The business had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. During the same quarter in the previous year, the company posted $1.08 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACIW. Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Zacks Research lowered ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.00.

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.