Capital Fund Management S.A. Acquires 32,858 Shares of ACI Worldwide, Inc. $ACIW

Capital Fund Management S.A. grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 242.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,412 shares of the technology company’s stock after purchasing an additional 32,858 shares during the period. Capital Fund Management S.A.’s holdings in ACI Worldwide were worth $2,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACIW. Cetera Investment Advisers raised its stake in ACI Worldwide by 6.7% during the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company’s stock valued at $357,000 after buying an additional 408 shares during the last quarter. LPL Financial LLC increased its holdings in shares of ACI Worldwide by 22.3% during the first quarter. LPL Financial LLC now owns 38,076 shares of the technology company’s stock valued at $2,083,000 after acquiring an additional 6,944 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of ACI Worldwide by 9.7% during the first quarter. Natixis Advisors LLC now owns 38,756 shares of the technology company’s stock valued at $2,120,000 after acquiring an additional 3,430 shares in the last quarter. US Bancorp DE raised its position in shares of ACI Worldwide by 34.5% in the 1st quarter. US Bancorp DE now owns 8,215 shares of the technology company’s stock worth $449,000 after purchasing an additional 2,108 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in ACI Worldwide by 1.5% in the 1st quarter. Scotia Capital Inc. now owns 49,689 shares of the technology company’s stock worth $2,719,000 after purchasing an additional 718 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the sale, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Stock Up 1.2%

ACI Worldwide stock opened at $47.08 on Thursday. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14. The stock has a fifty day moving average of $49.14 and a 200 day moving average of $47.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $4.85 billion, a PE ratio of 18.98 and a beta of 1.09.

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

ACI Worldwide Company Profile

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.