Trexquant Investment LP Purchases Shares of 17,020 ACI Worldwide Inc (ACIW)

Trexquant Investment LP purchased a new position in shares of ACI Worldwide Inc (NASDAQ:ACIW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,020 shares of the technology company’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of ACI Worldwide by 2.0% during the fourth quarter. BlackRock Inc. now owns 12,389,989 shares of the technology company’s stock worth $280,880,000 after purchasing an additional 247,194 shares in the last quarter. Cardinal Capital Management LLC CT increased its position in shares of ACI Worldwide by 30.2% during the fourth quarter. Cardinal Capital Management LLC CT now owns 3,527,126 shares of the technology company’s stock worth $79,960,000 after purchasing an additional 818,027 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of ACI Worldwide by 4.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,746,088 shares of the technology company’s stock worth $62,254,000 after purchasing an additional 128,053 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in ACI Worldwide by 14.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,153,770 shares of the technology company’s stock valued at $48,826,000 after buying an additional 278,990 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in ACI Worldwide by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,043,287 shares of the technology company’s stock valued at $23,651,000 after buying an additional 6,369 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

ACIW has been the subject of several analyst reports. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, February 27th. TheStreet cut ACI Worldwide from a “b” rating to a “c” rating in a report on Thursday, May 10th. Finally, ValuEngine cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

NASDAQ ACIW opened at $24.02 on Tuesday. The firm has a market cap of $2.78 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 3.19 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.55. ACI Worldwide Inc has a twelve month low of $20.23 and a twelve month high of $26.37.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 10th. The technology company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $206.17 million. ACI Worldwide had a positive return on equity of 8.61% and a negative net margin of 1.27%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. equities analysts expect that ACI Worldwide Inc will post 0.63 earnings per share for the current year.

In other news, Director John M. Shay, Jr. sold 63,781 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $24.85, for a total transaction of $1,584,957.85. Following the completion of the transaction, the director now directly owns 91,896 shares in the company, valued at approximately $2,283,615.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan Suwinski sold 30,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.09, for a total value of $722,700.00. Following the transaction, the director now owns 166,896 shares of the company’s stock, valued at $4,020,524.64. The disclosure for this sale can be found here. Corporate insiders own 4.42% of the company’s stock.

ACI Worldwide Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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