Charles Schwab Investment Management Inc. Has $75.10 Million Stock Holdings in ACI Worldwide, Inc. $ACIW

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

A number of other large investors have also modified their holdings of ACIW. Opal Wealth Advisors LLC acquired a new stake in ACI Worldwide during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in ACI Worldwide during the 1st quarter worth approximately $25,000. Covestor Ltd lifted its holdings in ACI Worldwide by 239.4% during the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares during the last quarter. Wayfinding Financial LLC bought a new position in ACI Worldwide during the 1st quarter worth approximately $39,000. Finally, Cheviot Value Management LLC bought a new position in ACI Worldwide during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Activity at ACI Worldwide

In related news, Director Janet O. Estep sold 4,500 shares of the firm'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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the firm'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 company insiders.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded up $0.42 during mid-day trading on Monday, hitting $46.98. The company had a trading volume of 155,578 shares, compared to its average volume of 748,432. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 19.82 and a beta of 1.07. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. 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 firm's 50 day simple moving average is $45.04 and its two-hundred day simple moving average is $49.24.

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. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The firm had revenue of $401.26 million for the quarter, compared to analysts' expectations of $380.45 million. During the same period last year, the firm earned $0.47 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACIW has been the topic of a number of research analyst reports. Jefferies Financial Group reduced 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. Wall Street Zen downgraded ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price on the stock in a report on Monday, May 12th. Finally, Stephens raised ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a report on Thursday, July 17th.

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.