River Road Asset Management LLC Trims Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

River Road Asset Management LLC lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,372,436 shares of the technology company's stock after selling 108,146 shares during the quarter. ACI Worldwide comprises about 1.4% of River Road Asset Management LLC's portfolio, making the stock its 19th largest holding. River Road Asset Management LLC owned approximately 3.10% of ACI Worldwide worth $103,197,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in ACI Worldwide by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company's stock worth $270,188,000 after purchasing an additional 389,424 shares in the last quarter. Alliancebernstein L.P. raised its stake in ACI Worldwide by 3.8% in the 4th quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company's stock worth $147,161,000 after purchasing an additional 235,858 shares in the last quarter. State Street Corp raised its stake in ACI Worldwide by 1.9% in the 1st quarter. State Street Corp now owns 4,026,192 shares of the technology company's stock worth $126,785,000 after purchasing an additional 75,092 shares in the last quarter. North Reef Capital Management LP raised its stake in ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company's stock worth $64,183,000 after purchasing an additional 592,735 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in ACI Worldwide by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company's stock worth $58,485,000 after purchasing an additional 24,272 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACIW shares. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a "buy" rating and a $38.00 price objective for the company. TheStreet raised shares of ACI Worldwide from a "c" rating to a "b-" rating in a report on Thursday, January 4th. DA Davidson reissued a "buy" rating and issued a $39.00 target price on shares of ACI Worldwide in a report on Thursday, March 14th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

ACI Worldwide Price Performance

ACIW stock traded up $0.09 during mid-day trading on Wednesday, hitting $31.49. The stock had a trading volume of 626,312 shares, compared to its average volume of 573,843. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $33.83. The firm has a market capitalization of $3.35 billion, a P/E ratio of 28.37 and a beta of 1.24. The firm has a fifty day simple moving average of $31.77 and a 200 day simple moving average of $28.41.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. As a group, research analysts forecast that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

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.