Fiera Capital Corp Has $35.78 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Key Points

• Fiera Capital Corp reduced its stake in ACI Worldwide, Inc. by 22.9%, selling 194,518 shares, leaving them with 653,944 shares valued at approximately $35.8 million.
• CEO Thomas W. Warsop III purchased 5,000 shares of ACI Worldwide for a total of $242,850, increasing his ownership by 1.55%.
• Research analysts have given ACI Worldwide a consensus rating of "Buy", with a target price of $60.00, following several rating upgrades from different firms.

Fiera Capital Corp cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 22.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 653,944 shares of the technology company's stock after selling 194,518 shares during the quarter. Fiera Capital Corp owned 0.62% of ACI Worldwide worth $35,777,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Mackenzie Financial Corp grew its position in shares of ACI Worldwide by 66.5% in the first quarter. Mackenzie Financial Corp now owns 150,533 shares of the technology company's stock valued at $8,236,000 after purchasing an additional 60,096 shares in the last quarter. LPL Financial LLC raised its holdings in ACI Worldwide by 22.3% in the 1st quarter. LPL Financial LLC now owns 38,076 shares of the technology company's stock worth $2,083,000 after purchasing an additional 6,944 shares during the period. FourThought Financial Partners LLC lifted its position in shares of ACI Worldwide by 14.2% in the first quarter. FourThought Financial Partners LLC now owns 5,267 shares of the technology company's stock valued at $288,000 after acquiring an additional 655 shares in the last quarter. Cetera Investment Advisers grew its position in ACI Worldwide by 6.7% in the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company's stock worth $357,000 after acquiring an additional 408 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in ACI Worldwide in the first quarter worth about $6,175,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Trading Up 0.2%

NASDAQ ACIW traded up $0.07 during mid-day trading on Wednesday, reaching $43.71. 787,160 shares of the stock were exchanged, compared to its average volume of 677,600. ACI Worldwide, Inc. has a 1-year low of $41.79 and a 1-year high of $59.71. The business's fifty day simple moving average is $45.63 and its 200 day simple moving average is $50.07. The stock has a market capitalization of $4.59 billion, a PE ratio of 17.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50.

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

Insiders Place Their Bets

In related news, Director Janet O. Estep sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were 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. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Warsop III bought 5,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the transaction, the chief executive officer owned 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ACIW shares. Jefferies Financial Group reduced 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 note on Tuesday, May 27th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price on the stock in a research note on Thursday, July 17th. Finally, DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $60.00.

ACI Worldwide Company 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.