ACI Worldwide, Inc. (NASDAQ:ACIW) is Rice Hall James & Associates LLC's 3rd Largest Position

Rice Hall James & Associates LLC cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 925,679 shares of the technology company's stock after selling 24,898 shares during the period. ACI Worldwide makes up about 3.0% of Rice Hall James & Associates LLC's holdings, making the stock its 3rd largest holding. Rice Hall James & Associates LLC owned approximately 0.88% of ACI Worldwide worth $50,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in ACI Worldwide in the first quarter valued at approximately $25,000. Covestor Ltd lifted its holdings in ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares during the last quarter. Wayfinding Financial LLC acquired a new position in ACI Worldwide in the first quarter valued at approximately $39,000. Versant Capital Management Inc lifted its holdings in ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after acquiring an additional 485 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after acquiring an additional 1,397 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of research reports. Jefferies Financial Group decreased their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

ACI Worldwide Stock Down 2.7%

NASDAQ:ACIW opened at $43.90 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average is $46.92 and its two-hundred day moving average is $50.71. ACI Worldwide, Inc. has a 52 week low of $40.33 and a 52 week high of $59.71. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.28 and a beta of 1.06.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Activity

In other news, Director Janet O. Estep sold 4,500 shares of the stock in a transaction 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 sale, the director directly owned 77,631 shares in the company, valued at approximately $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the sale, the director owned 34,388 shares in the company, valued at approximately $1,632,742.24. The trade was 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.

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.

Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.