ACI Worldwide, Inc. $ACIW Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its stake in ACI Worldwide by 3.6%, selling 9,086 shares, and now owns approximately 0.23% of the company valued at $13.17 million.
• Several institutional investors have significantly increased their stakes in ACI Worldwide, with Mirae Asset Global Investments raising its stake by 4,756.7% to own 18,601 shares worth $1.018 million.
• Wall Street analysts are cautiously optimistic, with a consensus rating of "Moderate Buy" and a target price of $60.00 on ACI Worldwide shares.

Great Lakes Advisors LLC trimmed its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,766 shares of the technology company's stock after selling 9,086 shares during the period. Great Lakes Advisors LLC owned 0.23% of ACI Worldwide worth $13,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in ACI Worldwide by 0.7% in the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company's stock valued at $110,930,000 after buying an additional 14,278 shares during the last quarter. Alliancebernstein L.P. increased its holdings in ACI Worldwide by 7.0% in the first quarter. Alliancebernstein L.P. now owns 1,917,346 shares of the technology company's stock valued at $104,898,000 after buying an additional 126,169 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in ACI Worldwide by 132.9% in the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company's stock valued at $85,986,000 after buying an additional 896,564 shares during the last quarter. American Century Companies Inc. increased its holdings in ACI Worldwide by 24.5% in the first quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company's stock valued at $68,481,000 after buying an additional 246,228 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in ACI Worldwide by 9.5% in the first quarter. Congress Asset Management Co. now owns 1,180,839 shares of the technology company's stock valued at $64,604,000 after buying an additional 102,087 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the sale, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen lowered ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research lowered ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. 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, Jefferies Financial Group lowered their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, ACI Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

ACI Worldwide Stock Performance

ACIW stock traded down $0.48 on Friday, reaching $50.15. The company's stock had a trading volume of 888,541 shares, compared to its average volume of 839,723. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $59.71. The company has a market capitalization of $5.17 billion, a P/E ratio of 21.16 and a beta of 1.07. The firm has a fifty day moving average of $46.38 and a two-hundred day moving average of $48.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The business had revenue of $401.26 million during the quarter, compared to analyst estimates of $380.45 million. During the same period in the prior year, the company posted $0.47 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. ACI Worldwide has set its Q3 2025 guidance at EPS. As a group, analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

ACI Worldwide Company 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.