20,642 Shares in ACI Worldwide, Inc. $ACIW Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,642 shares of the technology company’s stock, valued at approximately $987,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its position in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after purchasing an additional 214 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after purchasing an additional 249 shares in the last quarter. Allworth Financial LP raised its position in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in ACI Worldwide by 6.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after purchasing an additional 260 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in ACI Worldwide by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $43.73 on Thursday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 21.97 and a beta of 1.00. The company has a 50 day moving average of $42.67 and a 200-day moving average of $43.39. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $54.28.

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

Wall Street Analyst Weigh In

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

ACI Worldwide 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.