Allspring Global Investments Holdings LLC Sells 47,750 Shares of ACI Worldwide, Inc. $ACIW

Allspring Global Investments Holdings LLC trimmed its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,775 shares of the technology company’s stock after selling 47,750 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ACI Worldwide were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in shares of ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after acquiring an additional 323 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in ACI Worldwide in the 2nd quarter worth $32,000. Advisors Asset Management Inc. lifted its position in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after purchasing an additional 298 shares in the last quarter. State of Wyoming purchased a new position in ACI Worldwide during the second quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 0.1%

ACI Worldwide stock opened at $46.77 on Friday. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $58.14. The firm’s 50 day moving average price is $47.31 and its 200-day moving average price is $47.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $4.82 billion, a P/E ratio of 18.86 and a beta of 1.05.

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

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the sale, the chief technology officer directly owned 96,897 shares of the company’s stock, 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 can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ACIW shares. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and an average target price 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.