XTX Topco Ltd Has $265,000 Stock Position in ACI Worldwide, Inc. $ACIW

XTX Topco Ltd lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 73.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,767 shares of the technology company’s stock after selling 16,156 shares during the period. XTX Topco Ltd’s holdings in ACI Worldwide were worth $265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACIW. Cetera Investment Advisers increased its holdings in shares of ACI Worldwide by 6.7% in the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company’s stock worth $357,000 after acquiring an additional 408 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of ACI Worldwide by 22.3% during the 1st quarter. LPL Financial LLC now owns 38,076 shares of the technology company’s stock valued at $2,083,000 after purchasing an additional 6,944 shares in the last quarter. US Bancorp DE grew 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 valued at $449,000 after purchasing an additional 2,108 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in ACI Worldwide by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,351 shares of the technology company’s stock worth $293,000 after purchasing an additional 496 shares in the last quarter. Finally, Citigroup Inc. increased its stake in ACI Worldwide by 11.6% during the 1st quarter. Citigroup Inc. now owns 189,293 shares of the technology company’s stock worth $10,356,000 after purchasing an additional 19,624 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Trading Down 1.4%

Shares of NASDAQ:ACIW opened at $45.26 on Tuesday. The company’s 50-day moving average price is $48.77 and its two-hundred day moving average price is $47.53. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $4.67 billion, a PE ratio of 18.25 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $465.09 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. ACI Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACIW. Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 1st. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

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.