24,595 Shares in ACI Worldwide, Inc. $ACIW Purchased by Jefferson Bridge Capital LLC

Jefferson Bridge Capital LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,595 shares of the technology company’s stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of ACI Worldwide by 79.6% in the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares in the last quarter. Millennium Management LLC raised its holdings in shares of ACI Worldwide by 879.8% in the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after purchasing an additional 1,284,419 shares in the last quarter. London Co. of Virginia raised its holdings in shares of ACI Worldwide by 91.0% in the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock valued at $91,448,000 after purchasing an additional 825,671 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of ACI Worldwide by 159.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock valued at $37,362,000 after purchasing an additional 480,711 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of ACI Worldwide by 305.1% in the 2nd 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. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 0.9%

NASDAQ ACIW opened at $40.78 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.15 billion, a PE ratio of 18.79 and a beta of 1.03. The company has a 50 day moving average price of $40.86 and a 200 day moving average price of $45.55. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $55.45.

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

Analysts Set New Price Targets

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

Insider Activity at ACI Worldwide

In other news, Director Juan Benitez II acquired 2,400 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the purchase, the director directly owned 16,881 shares in the company, valued at $707,313.90. The trade was a 16.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Adalio T. Sanchez acquired 3,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $40.98 per share, with a total value of $122,940.00. Following the purchase, the director owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

ACI Worldwide Company Profile

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.