Vanguard Group Inc. cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,774,587 shares of the technology company's stock after selling 88,876 shares during the quarter. Vanguard Group Inc. owned approximately 13.10% of ACI Worldwide worth $753,608,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of ACI Worldwide by 13.5% during the fourth quarter. LPL Financial LLC now owns 31,132 shares of the technology company's stock valued at $1,616,000 after acquiring an additional 3,698 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of ACI Worldwide by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 214,278 shares of the technology company's stock worth $11,123,000 after purchasing an additional 37,584 shares during the period. Russell Investments Group Ltd. lifted its position in shares of ACI Worldwide by 1.0% during the 4th quarter. Russell Investments Group Ltd. now owns 72,703 shares of the technology company's stock valued at $3,774,000 after buying an additional 719 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of ACI Worldwide during the 4th quarter valued at approximately $5,292,000. Finally, Covestor Ltd lifted its holdings in ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on ACIW. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Monday, May 12th. Wall Street Zen cut ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research note on Thursday, July 17th. Finally, Jefferies Financial Group dropped their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th.
Get Our Latest Report on ACI Worldwide
Insider Transactions at ACI Worldwide
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 transaction, the director owned 77,631 shares of the company's stock, valued at $3,467,000.46. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction that occurred 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. This represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
ACI Worldwide Stock Down 0.1%
ACIW traded down $0.05 on Friday, reaching $46.56. The company's stock had a trading volume of 763,641 shares, compared to its average volume of 752,383. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. The business's 50 day moving average is $45.05 and its 200 day moving average is $49.36. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $59.71. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 19.65 and a beta of 1.07.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $401.26 million for the quarter, compared to analysts' expectations of $380.45 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. As a group, research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.
ACI Worldwide Company Profile
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Free Report)
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.
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