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

Assetmark Inc. reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 19.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 28,538 shares of the technology company's stock after selling 6,833 shares during the period. Assetmark Inc.'s holdings in ACI Worldwide were worth $1,561,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ACIW. Norges Bank purchased a new position in ACI Worldwide during the 4th quarter worth $75,868,000. Geode Capital Management LLC increased its stake in shares of ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after acquiring an additional 459,821 shares during the period. Ameriprise Financial Inc. increased its stake in shares of ACI Worldwide by 160.4% during the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after acquiring an additional 415,612 shares during the period. 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. Finally, North Reef Capital Management LP lifted its position in ACI Worldwide by 18.3% in the fourth quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock valued at $111,139,000 after purchasing an additional 331,000 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on ACIW shares. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Monday, May 12th. 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 report on Thursday, July 17th. Finally, Jefferies Financial Group decreased their target price on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th.

Insiders Place Their Bets

In other news, Director Janet O. Estep sold 4,500 shares of the stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the transaction, the director directly owned 34,388 shares in the company, 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. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Trading Down 4.3%

ACIW traded down $1.82 during midday trading on Friday, hitting $40.74. The company's stock had a trading volume of 1,156,636 shares, compared to its average volume of 700,744. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $59.71. The firm has a 50-day moving average price of $45.44 and a two-hundred day moving average price of $49.90. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. The firm has a market cap of $4.27 billion, a P/E ratio of 16.04 and a beta of 1.07.

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

About ACI Worldwide

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.