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

Key Points

• HSBC Holdings cut its ACI Worldwide stake by 85.8% in the second quarter, selling 29,284 shares and retaining 4,839 shares valued at approximately $243,000.
• Other institutional investors, including North Star Asset Management and Bank of America, established new positions in ACI Worldwide. Institutional investors collectively own 94.73% of the company’s stock.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $66 price target, while ACIW recently traded at $51.58 and has a 52-week range of $38.05 to $61.08.

Hsbc Holdings PLC lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 85.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,839 shares of the technology company's stock after selling 29,284 shares during the period. Hsbc Holdings PLC's holdings in ACI Worldwide were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ACIW. North Star Asset Management Inc. acquired a new position in shares of ACI Worldwide during the 2nd quarter worth approximately $29,129,000. Empowered Funds LLC acquired a new stake in ACI Worldwide during the 2nd quarter valued at $480,000. Public Employees Retirement System of Ohio purchased a new position in ACI Worldwide during the second quarter worth $70,000. Corient Private Wealth LP purchased a new position in ACI Worldwide during the second quarter worth $2,571,000. Finally, Bank of America Corp DE acquired a new position in shares of ACI Worldwide in the second quarter worth $27,391,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. DA Davidson restated a "buy" rating and issued a $66.00 price objective on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $66.00.

ACI Worldwide Trading Up 0.6%

Shares of ACIW opened at $51.58 on Thursday. The stock has a fifty day moving average of $54.43 and a two-hundred day moving average of $47.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $5.21 billion, a PE ratio of 23.66 and a beta of 0.98. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08.

About ACI Worldwide

ACI Worldwide, Inc is a global provider of payment systems and software for financial institutions, merchants, billers and intermediaries. Its technology supports electronic payments across banking, retail, bill payment and other commerce applications, helping organizations process transactions and manage payment operations.

The company's offerings include real-time payment infrastructure, digital banking and account-to-account payment capabilities, merchant payment solutions, bill payment services and fraud management tools.

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