Comerica Bank Reduces Position in ACI Worldwide, Inc. $ACIW

Key Points

• Comerica Bank reduced its stake in ACI Worldwide by 27.0%, selling 16,652 shares and bringing its total ownership to 45,030 shares valued at approximately $2.46 million.
• Several institutional investors, including AQR Capital Management and Ameriprise Financial, increased their holdings in ACI Worldwide, indicating strong institutional interest in the company.
• Analyst ratings for ACI Worldwide are mixed, with a consensus rating of "Moderate Buy" and a target price averaging $60.00, despite some firms downgrading their ratings recently.

Comerica Bank lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 27.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,030 shares of the technology company's stock after selling 16,652 shares during the quarter. Comerica Bank's holdings in ACI Worldwide were worth $2,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp grew its holdings in ACI Worldwide by 3.2% during the 4th quarter. Northern Trust Corp now owns 1,364,004 shares of the technology company's stock worth $70,805,000 after acquiring an additional 42,376 shares in the last quarter. Lido Advisors LLC lifted its position in shares of ACI Worldwide by 22.0% during the fourth quarter. Lido Advisors LLC now owns 10,955 shares of the technology company's stock worth $569,000 after purchasing an additional 1,973 shares during the last quarter. AQR Capital Management LLC grew its stake in ACI Worldwide by 37.3% in the fourth quarter. AQR Capital Management LLC now owns 148,302 shares of the technology company's stock worth $7,632,000 after purchasing an additional 40,266 shares in the last quarter. AXA S.A. increased its holdings in ACI Worldwide by 11.6% in the fourth quarter. AXA S.A. now owns 144,007 shares of the technology company's stock valued at $7,475,000 after buying an additional 14,994 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock valued at $35,027,000 after buying an additional 415,612 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACIW. 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 cut ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. DA Davidson upgraded shares of 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. Zacks Research cut shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target for the company in a report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $49.35 on Tuesday. 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 has a market capitalization of $5.09 billion, a PE ratio of 20.82 and a beta of 1.07. ACI Worldwide, Inc. has a 1-year low of $40.45 and a 1-year high of $59.71. The business's fifty day moving average price is $45.59 and its two-hundred day moving average price is $48.88.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business had revenue of $401.26 million during the quarter, compared to analyst estimates of $380.45 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. ACI Worldwide has set its Q3 2025 guidance at EPS. On average, research analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Activity at ACI Worldwide

In other news, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owned 34,388 shares of the company's stock, 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 currently owned by company insiders.

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.

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