ACI Worldwide, Inc. $ACIW Stock Position Lowered by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in ACI Worldwide by 86.8% in Q4, selling 83,649 shares and retaining 12,669 shares worth about $607,000.
• Several large institutions materially increased positions—Franklin Resources now holds ~9.66 million shares and Millennium, London Co. of Virginia, Assenagon and Qube all raised stakes—leaving institutional ownership at 94.73%.
• ACI missed quarterly EPS expectations ($0.90 vs. $1.05) despite revenue rising 6.3% to $481.6M; analysts' consensus is a Hold with a $60 price target and recent mixed downgrades.

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 86.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,669 shares of the technology company's stock after selling 83,649 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in ACI Worldwide were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACIW. Franklin Resources Inc. raised its position in shares of ACI Worldwide by 79.6% during the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company's stock worth $509,726,000 after purchasing an additional 4,280,684 shares during the period. Millennium Management LLC raised its position in shares of ACI Worldwide by 879.8% during the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company's stock worth $75,482,000 after purchasing an additional 1,284,419 shares during the period. London Co. of Virginia raised its position in shares of ACI Worldwide by 91.0% during the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company's stock worth $91,448,000 after purchasing an additional 825,671 shares during the period. Assenagon Asset Management S.A. raised its position in shares of ACI Worldwide by 159.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company's stock worth $37,362,000 after purchasing an additional 480,711 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of ACI Worldwide by 305.1% during the second quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company's stock worth $19,915,000 after purchasing an additional 326,699 shares during the period. Institutional investors own 94.73% of the company's stock.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez acquired 3,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $40.98 per share, with a total value of $122,940.00. Following the transaction, the director owned 64,378 shares of the company's stock, valued at approximately $2,638,210.44. This trade represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juan Benitez II acquired 2,400 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the transaction, the director directly owned 16,881 shares in the company, valued at $707,313.90. The trade was a 16.57% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $44.28 on Tuesday. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $55.45. The business's 50-day moving average price is $41.38 and its two-hundred day moving average price is $44.40. The company has a market capitalization of $4.49 billion, a P/E ratio of 20.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period in the prior year, the firm earned $1.08 EPS. ACI Worldwide's quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that ACI Worldwide, Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACIW. Weiss Ratings downgraded ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 18th. Zacks Research downgraded ACI Worldwide from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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