Mutual of America Capital Management LLC Trims Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mutual of America Capital Management LLC reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,029 shares of the technology company's stock after selling 51,653 shares during the period. Mutual of America Capital Management LLC's holdings in ACI Worldwide were worth $582,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACIW. Vanguard Group Inc. raised its holdings in ACI Worldwide by 3.4% during the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company's stock worth $270,188,000 after acquiring an additional 389,424 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of ACI Worldwide by 414.3% in the fourth quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company's stock valued at $2,046,000 after buying an additional 53,882 shares during the period. Reinhart Partners LLC. increased its holdings in ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company's stock valued at $69,331,000 after buying an additional 203,348 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 valued at $58,485,000 after purchasing an additional 24,272 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of ACI Worldwide by 28.5% in the third quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company's stock worth $481,000 after acquiring an additional 4,737 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. DA Davidson reiterated a "buy" rating and set a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a "buy" rating and a $38.00 price objective on the stock. Finally, TheStreet raised shares of ACI Worldwide from a "c" rating to a "b-" rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

ACI Worldwide Stock Down 0.4 %

Shares of NASDAQ:ACIW traded down $0.13 during midday trading on Wednesday, reaching $33.33. The company's stock had a trading volume of 408,266 shares, compared to its average volume of 578,487. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $31.92 and a 200-day moving average of $28.77. The firm has a market capitalization of $3.55 billion, a P/E ratio of 30.14 and a beta of 1.24. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $33.83.

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