ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,774,587 shares of the technology company’s stock after selling 88,876 shares during the quarter. Vanguard Group Inc. owned 13.10% of ACI Worldwide worth $753,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in ACI Worldwide by 160.4% during the 4th quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company’s stock worth $35,027,000 after buying an additional 415,612 shares during the last quarter. Bank of America Corp DE raised its holdings in ACI Worldwide by 267.7% during the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company’s stock worth $29,243,000 after purchasing an additional 410,142 shares in the last quarter. North Reef Capital Management LP raised its holdings in ACI Worldwide by 18.3% during the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company’s stock worth $111,139,000 after purchasing an additional 331,000 shares in the last quarter. Voya Investment Management LLC lifted its position in ACI Worldwide by 37.9% in the fourth quarter. Voya Investment Management LLC now owns 720,028 shares of the technology company’s stock valued at $37,377,000 after purchasing an additional 197,783 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in ACI Worldwide by 6,709.6% in the 1st quarter. GAMMA Investing LLC now owns 178,683 shares of the technology company’s stock valued at $9,776,000 after purchasing an additional 176,059 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 4.4%

Shares of ACI Worldwide stock opened at $46.34 on Wednesday. The company has a 50-day moving average of $45.05 and a two-hundred day moving average of $49.42. ACI Worldwide, Inc. has a 12-month low of $40.45 and a 12-month high of $59.71. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The stock has a market cap of $4.78 billion, a PE ratio of 19.55 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $401.26 million during the quarter, compared to the consensus estimate of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. ACI Worldwide’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In related news, Director Janet O. Estep sold 4,500 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the sale, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the transaction, the director owned 34,388 shares of the company’s stock, valued at $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ACIW has been the subject of a number of analyst reports. Jefferies Financial Group cut their target price on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a report on Thursday, July 17th. Finally, DA Davidson upgraded shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, May 12th.

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.