Raymond James Financial Inc. Has $4.94 Million Stock Position in ACI Worldwide, Inc. $ACIW

Key Points

• Raymond James Financial Inc. reduced its stake in ACI Worldwide by 11.4% in the first quarter, owning 90,332 shares worth approximately $4.94 million.
• Other institutional investors, including Ameriprise Financial and Bank of America, significantly increased their stakes in ACI Worldwide during the same period, indicating a strong interest among hedge funds.
• ACI Worldwide recently reported an earnings per share of $0.35, surpassing analysts' expectations and reflecting a revenue increase of 7.4% compared to the same quarter last year.

Raymond James Financial Inc. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,332 shares of the technology company's stock after selling 11,620 shares during the period. Raymond James Financial Inc. owned about 0.09% of ACI Worldwide worth $4,942,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ACIW. American Century Companies Inc. boosted its position in shares of ACI Worldwide by 24.5% in the 1st quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company's stock valued at $68,481,000 after purchasing an additional 246,228 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of ACI Worldwide in the first quarter valued at approximately $1,868,000. Russell Investments Group Ltd. grew its position in shares of ACI Worldwide by 31.5% during the first quarter. Russell Investments Group Ltd. now owns 95,604 shares of the technology company's stock worth $5,231,000 after acquiring an additional 22,901 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of ACI Worldwide in the 1st quarter valued at $225,000. Finally, HighTower Advisors LLC raised its position in ACI Worldwide by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company's stock valued at $861,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Trading Down 2.2%

Shares of ACI Worldwide stock traded down $1.14 during mid-day trading on Wednesday, hitting $50.09. The stock had a trading volume of 1,055,556 shares, compared to its average volume of 836,737. The firm has a market cap of $5.17 billion, a P/E ratio of 21.14 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 quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $46.21 and a two-hundred day moving average of $48.83.

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 analysts' consensus estimates of $0.27 by $0.08. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The company had revenue of $401.26 million for the quarter, compared to analysts' expectations of $380.45 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. ACI Worldwide has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the firm's 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 directly owned 77,631 shares of the company's stock, valued at $3,467,000.46. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research downgraded shares of ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a research report on Thursday, July 17th. Wall Street Zen downgraded ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group lowered their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ACI Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

ACI Worldwide 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.