ACI Worldwide, Inc. $ACIW Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 86,301 shares of the technology company’s stock after selling 11,627 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ACI Worldwide were worth $4,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its stake in shares of ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares during the period. Ameritas Advisory Services LLC acquired a new stake in ACI Worldwide during the 2nd quarter valued at $32,000. Advisors Asset Management Inc. increased its stake in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after buying an additional 298 shares during the period. State of Wyoming acquired a new position in ACI Worldwide in the 2nd quarter worth $37,000. Finally, Salomon & Ludwin LLC acquired a new position in ACI Worldwide in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at ACI Worldwide

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

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $46.77 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 18.86 and a beta of 1.05. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14. The company’s 50-day simple moving average is $47.31 and its 200-day simple moving average is $47.77. 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 (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The firm had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. ACI Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACIW. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.