ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% in the first quarter, Holdings Channel.com reports. The fund owned 247,918 shares of the technology company’s stock after selling 5,222 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ACI Worldwide were worth $13,564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after buying an additional 298 shares during the last quarter. Covestor Ltd grew its position in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock valued at $31,000 after acquiring an additional 419 shares during the period. Versant Capital Management Inc grew its position in ACI Worldwide by 121.3% during the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company’s stock valued at $48,000 after acquiring an additional 485 shares during the period. Farther Finance Advisors LLC grew its position in ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock valued at $99,000 after acquiring an additional 1,397 shares during the period. Finally, GAMMA Investing LLC grew its position in ACI Worldwide by 24.5% during the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock valued at $179,000 after acquiring an additional 642 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Down 3.9%

Shares of ACIW opened at $45.07 on Friday. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.36 and a beta of 1.07. ACI Worldwide, Inc. has a one year low of $34.96 and a one 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 50-day moving average price of $49.57 and a 200 day moving average price of $52.02.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The firm had revenue of $394.57 million during the quarter, compared to the consensus estimate of $364.36 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. ACI Worldwide’s revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACIW shares. Jefferies Financial Group lowered their price target on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Wall Street Zen upgraded ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd. Finally, DA Davidson upgraded ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Buying and Selling at ACI Worldwide

In related news, CEO Thomas W. Warsop III purchased 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 transaction, the chief executive officer now owns 326,922 shares of the company’s stock, valued at $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director now owns 34,388 shares in the company, valued at $1,632,742.24. The trade was a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently 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.