Hsbc Holdings PLC Cuts Holdings in ACI Worldwide, Inc. $ACIW

Key Points

• Hsbc Holdings PLC has reduced its stake in ACI Worldwide by 16.2%, now holding approximately 93,338 shares valued at $5.06 million.
• Other institutional investors are actively adjusting their positions; for instance, Mirae Asset Global Investments increased its stake by an impressive 4,756.7%.
• ACI Worldwide reported earnings of $0.35 per share, surpassing analyst expectations, and indicated a revenue increase of 7.4% year-over-year.

Hsbc Holdings PLC decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,338 shares of the technology company's stock after selling 18,002 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of ACI Worldwide worth $5,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ACIW. Opal Wealth Advisors LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of ACI Worldwide during the 1st quarter worth approximately $39,000. Cheviot Value Management LLC purchased a new stake in shares of ACI Worldwide during the 1st quarter valued at approximately $44,000. Finally, Versant Capital Management Inc raised its position in shares of ACI Worldwide by 121.3% during the 1st quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after buying an additional 485 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.

Wall Street Analyst Weigh In

ACIW has been the subject of several analyst reports. Zacks Research lowered ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Monday, May 12th. Wall Street Zen downgraded ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group reduced their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, 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 report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Trading Up 0.3%

Shares of ACIW stock traded up $0.15 on Friday, hitting $49.35. The stock had a trading volume of 789,286 shares, compared to its average volume of 938,604. The company's 50 day moving average price is $45.51 and its 200-day moving average price is $48.90. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year 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 has a market capitalization of $5.09 billion, a P/E ratio of 20.82 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $380.45 million. During the same quarter in the prior year, the company earned $0.47 EPS. ACI Worldwide's revenue was up 7.4% on a year-over-year basis. ACI Worldwide has set its Q3 2025 guidance at EPS. Analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Activity

In other news, Director Janet O. Estep sold 4,500 shares of the stock in a transaction dated Wednesday, June 18th. The shares were 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. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the transaction, the director owned 34,388 shares of the company's stock, valued at $1,632,742.24. This trade represents a 17.30% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.