Allspring Global Investments Holdings LLC Lowers Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Allspring Global Investments Holdings LLC trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,371 shares of the technology company's stock after selling 23,862 shares during the period. Allspring Global Investments Holdings LLC's holdings in ACI Worldwide were worth $746,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ACIW. DekaBank Deutsche Girozentrale grew its position in ACI Worldwide by 234.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 160,656 shares of the technology company's stock valued at $4,863,000 after purchasing an additional 112,656 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of ACI Worldwide by 1.8% during the fourth quarter. New York State Teachers Retirement System now owns 159,761 shares of the technology company's stock worth $4,889,000 after acquiring an additional 2,763 shares in the last quarter. State of Alaska Department of Revenue boosted its position in ACI Worldwide by 414.3% during 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 purchasing an additional 53,882 shares during the last quarter. Reinhart Partners LLC. increased its position 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 worth $69,331,000 after purchasing an additional 203,348 shares during the last quarter. Finally, Value Holdings Management CO. LLC raised its stake in shares of ACI Worldwide by 6.1% during the 4th quarter. Value Holdings Management CO. LLC now owns 332,900 shares of the technology company's stock worth $10,186,000 after purchasing an additional 19,000 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded down $0.56 during midday trading on Thursday, hitting $32.77. The company's stock had a trading volume of 561,641 shares, compared to its average volume of 578,173. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $33.83. The stock's 50 day simple moving average is $31.96 and its 200 day simple moving average is $28.80. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 29.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.17. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. As a group, research analysts anticipate that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet upgraded shares of ACI Worldwide from a "c" rating to a "b-" rating in a research note on Thursday, January 4th. Jefferies Financial Group began 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. Finally, DA Davidson reiterated a "buy" rating and issued a $39.00 price objective on shares of ACI Worldwide in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

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.