Charles Schwab Investment Management Inc. Sells 25,671 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Charles Schwab Investment Management Inc. lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,372,662 shares of the technology company's stock after selling 25,671 shares during the period. Charles Schwab Investment Management Inc. owned about 1.31% of ACI Worldwide worth $75,098,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Hood River Capital Management LLC raised its stake in shares of ACI Worldwide by 3.1% during the fourth quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock valued at $175,171,000 after acquiring an additional 100,311 shares during the last quarter. North Reef Capital Management LP raised its stake in shares of ACI Worldwide by 18.3% during 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 acquiring an additional 331,000 shares during the last quarter. Northern Trust Corp raised its stake in shares of ACI Worldwide by 3.2% during the fourth quarter. Northern Trust Corp now owns 1,364,004 shares of the technology company's stock valued at $70,805,000 after acquiring an additional 42,376 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of ACI Worldwide by 9.5% during 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 acquiring an additional 102,087 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of ACI Worldwide by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 944,175 shares of the technology company's stock valued at $49,014,000 after acquiring an additional 36,074 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

Insiders Place Their Bets

In other ACI Worldwide news, Director Mary P. Harman sold 7,194 shares of the firm's 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 transaction, the director directly owned 34,388 shares of the company's stock, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the completion of the transaction, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ACIW has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Stephens upgraded shares of 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. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th.

ACI Worldwide Stock Down 0.1%

NASDAQ:ACIW traded down $0.05 during trading hours on Friday, reaching $46.56. The company had a trading volume of 763,641 shares, compared to its average volume of 934,760. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 19.65 and a beta of 1.07. The business's 50-day simple moving average is $45.04 and its two-hundred day simple moving average is $49.31. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. The business had revenue of $401.26 million during the quarter, compared to analysts' expectations of $380.45 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

ACI Worldwide 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.