UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 40,733 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 358,344 shares of the technology company’s stock after buying an additional 40,733 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ACI Worldwide were worth $18,602,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 298 shares during the last quarter. Covestor Ltd boosted 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 purchasing an additional 419 shares during the last quarter. Farther Finance Advisors LLC boosted 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 purchasing an additional 1,397 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in ACI Worldwide during the fourth quarter valued at approximately $201,000. Finally, Nkcfo LLC acquired a new position in ACI Worldwide during the fourth quarter valued at approximately $208,000. 94.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the sale, the director now directly owns 80,842 shares of the company’s stock, valued at $4,654,073.94. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas W. Warsop III acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the completion of the transaction, the chief executive officer now owns 326,922 shares of the company’s stock, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group reduced 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. Wall Street Zen raised ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Finally, DA Davidson raised ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Performance

ACIW opened at $46.26 on Thursday. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 21.92 and a beta of 1.14. The business has a 50 day moving average of $51.25 and a 200-day moving average of $52.79. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share (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 company had revenue of $394.57 million during the quarter, compared to analysts’ expectations of $364.36 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. On average, equities research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

ACI Worldwide 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.