ACI Worldwide, Inc. $ACIW Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 412,222 shares of the technology company’s stock after selling 34,762 shares during the quarter. Fisher Asset Management LLC’s holdings in ACI Worldwide were worth $18,925,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of ACI Worldwide by 6.7% in the 1st quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company’s stock valued at $357,000 after acquiring an additional 408 shares during the period. LPL Financial LLC increased its holdings in ACI Worldwide by 22.3% in the 1st quarter. LPL Financial LLC now owns 38,076 shares of the technology company’s stock valued at $2,083,000 after purchasing an additional 6,944 shares during the last quarter. Natixis Advisors LLC raised its position in ACI Worldwide by 9.7% in the first quarter. Natixis Advisors LLC now owns 38,756 shares of the technology company’s stock valued at $2,120,000 after purchasing an additional 3,430 shares during the period. US Bancorp DE lifted its stake in ACI Worldwide by 34.5% during the first quarter. US Bancorp DE now owns 8,215 shares of the technology company’s stock worth $449,000 after purchasing an additional 2,108 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in shares of ACI Worldwide by 1.5% during the first quarter. Scotia Capital Inc. now owns 49,689 shares of the technology company’s stock worth $2,719,000 after buying an additional 718 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

ACIW has been the topic of several research analyst reports. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th. Finally, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $47.08 on Thursday. The business has a 50-day simple moving average of $49.14 and a 200-day simple moving average of $47.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14. The company has a market cap of $4.85 billion, a PE ratio of 18.98 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The company had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.