Bamco Inc. NY lessened its stake in shares of ACI Worldwide (NASDAQ:ACIW) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 600,000 shares of the technology company’s stock after selling 400,000 shares during the quarter. Bamco Inc. NY owned approximately 0.51% of ACI Worldwide worth $13,602,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank boosted its position in ACI Worldwide by 16.2% during the 3rd quarter. Comerica Bank now owns 140,247 shares of the technology company’s stock valued at $3,369,000 after acquiring an additional 19,551 shares in the last quarter. OxFORD Asset Management LLP boosted its position in shares of ACI Worldwide by 542.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 87,815 shares of the technology company’s stock worth $2,014,000 after purchasing an additional 74,142 shares in the last quarter. Swiss National Bank boosted its position in shares of ACI Worldwide by 2.6% in the 4th quarter. Swiss National Bank now owns 201,300 shares of the technology company’s stock worth $4,563,000 after purchasing an additional 5,100 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of ACI Worldwide by 3.6% in the 3rd quarter. D.A. Davidson & CO. now owns 167,050 shares of the technology company’s stock worth $3,805,000 after purchasing an additional 5,850 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of ACI Worldwide in the 3rd quarter worth $19,178,000.
ACIW has been the subject of a number of recent analyst reports. TheStreet raised ACI Worldwide from a “c+” rating to a “b” rating in a research report on Monday, March 12th. BidaskClub raised ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. ACI Worldwide currently has a consensus rating of “Buy” and an average target price of $27.00.
Shares of ACI Worldwide stock traded down $0.51 during trading on Monday, reaching $23.21. The company’s stock had a trading volume of 781,225 shares, compared to its average volume of 666,915. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $2,749.27, a price-to-earnings ratio of 22.75, a PEG ratio of 3.02 and a beta of 1.13. ACI Worldwide has a 1-year low of $20.23 and a 1-year high of $26.37.
ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.21. The company had revenue of $326.40 million during the quarter, compared to analyst estimates of $322.12 million. ACI Worldwide had a return on equity of 12.04% and a net margin of 0.50%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. equities research analysts anticipate that ACI Worldwide will post 0.66 earnings per share for the current fiscal year.
In related news, Director Jan Suwinski sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.09, for a total value of $722,700.00. Following the completion of the transaction, the director now owns 166,896 shares in the company, valued at approximately $4,020,524.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $23.73, for a total value of $949,200.00. The disclosure for this sale can be found here. Insiders sold a total of 133,781 shares of company stock valued at $3,256,858 in the last 90 days. 4.20% of the stock is currently owned by company insiders.
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ACI Worldwide Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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