Should ACI Worldwide Inc (NASDAQ:ACIW) investors track the following data?
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Equally as necessary, positive insider trading sentiment is another way to look at the investments you’re interested in. Obviously, there are lots of motivations for a corporate insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many empirical studies have demonstrated the valuable potential of this tactic if “monkeys” know what to do (learn more here).
Keeping this in mind, we’re going to analyze the latest info surrounding ACI Worldwide Inc (NASDAQ:ACIW).
How are hedge funds trading ACI Worldwide Inc (NASDAQ:ACIW)?
In preparation for the third quarter, a total of 17 of the hedge funds we track were long in this stock, a change of 42% from the first quarter. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were upping their holdings significantly.
As industrywide interest increased, certain money managers were leading the bulls’ herd. P2 Capital Partners, managed by Claus Moller, assembled the most valuable position in ACI Worldwide Inc (NASDAQ:ACIW). P2 Capital Partners had 59 million invested in the company at the end of the quarter. Amy Minella’s Cardinal Capital also made a $41.3 million investment in the stock during the quarter. The following funds were also among the new ACIW investors: Larry Robbins’s Glenview Capital, Chuck Royce’s Royce & Associates, and Ken Griffin’s Citadel Investment Group.
How have insiders been trading ACI Worldwide Inc (NASDAQ:ACIW)?
Insider buying is at its handiest when the company in focus has seen transactions within the past 180 days. Over the last half-year time period, ACI Worldwide Inc (NASDAQ:ACIW) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to ACI Worldwide Inc (NASDAQ:ACIW). These stocks are National Instruments Corp (NASDAQ:NATI), Concur Technologies, Inc. (NASDAQ:CNQR), PTC Inc (NASDAQ:PMTC), Mentor Graphics Corp (NASDAQ:MENT), and Tyler Technologies, Inc. (NYSE:TYL). This group of stocks are in the technical & system software industry and their market caps are closest to ACIW’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| National Instruments Corp (NASDAQ:NATI) | 8 | 0 | 0 |
| Concur Technologies, Inc. (NASDAQ:CNQR) | 15 | 0 | 0 |
| PTC Inc (NASDAQ:PMTC) | 11 | 0 | 0 |
| Mentor Graphics Corp (NASDAQ:MENT) | 16 | 0 | 0 |
| Tyler Technologies, Inc. (NYSE:TYL) | 8 | 0 | 0 |
Using the results shown by the previously mentioned strategies, regular investors should always watch hedge fund and insider trading sentiment, and ACI Worldwide Inc (NASDAQ:ACIW) shareholders fit into this picture quite nicely.
