ACI Worldwide, Inc. (NASDAQ:ACIW) Position Decreased by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 69.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,946 shares of the technology company's stock after selling 164,347 shares during the period. Mountain Pacific Investment Advisers Inc. ID owned 0.07% of ACI Worldwide worth $2,232,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ACIW. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 389,424 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of ACI Worldwide by 414.3% in the 4th quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company's stock worth $2,046,000 after acquiring an additional 53,882 shares during the period. Reinhart Partners LLC. lifted its stake in shares of 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 acquiring an additional 203,348 shares during the period. Massachusetts Financial Services Co. MA lifted its stake 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 worth $58,485,000 after acquiring an additional 24,272 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of ACI Worldwide by 28.5% in the 3rd 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 period. Institutional investors and hedge funds own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

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

ACI Worldwide Price Performance

NASDAQ:ACIW traded up $0.53 during mid-day trading on Friday, hitting $33.30. 387,500 shares of the company's stock traded hands, compared to its average volume of 520,774. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36. The firm's 50 day simple moving average is $32.03 and its 200 day simple moving average is $29.03. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $33.83. The company has a market cap of $3.54 billion, a PE ratio of 30.00 and a beta of 1.24.

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

ACI Worldwide Company 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.