Fox Run Management L.L.C. Purchases Shares of 20,642 ACI Worldwide, Inc. $ACIW

Fox Run Management L.L.C. purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,642 shares of the technology company’s stock, valued at approximately $987,000.

A number of other hedge funds also recently bought and sold shares of ACIW. Millennium Management LLC boosted its holdings in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares during the period. NewEdge Advisors LLC boosted its holdings in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after acquiring an additional 711 shares during the period. Caxton Associates LLP bought a new stake in ACI Worldwide during the first quarter valued at about $259,000. Empowered Funds LLC boosted its holdings in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after acquiring an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after buying an additional 48,988 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Up 2.6%

Shares of ACIW opened at $43.73 on Thursday. The company has a 50-day simple moving average of $42.67 and a 200-day simple moving average of $43.39. The firm has a market capitalization of $4.45 billion, a P/E ratio of 21.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The firm had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that ACI Worldwide, Inc. will post 2.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACIW. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.