Allianz Asset Management GmbH Sells 36,786 Shares of ACI Worldwide, Inc. $ACIW

Allianz Asset Management GmbH lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 16.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,385 shares of the technology company’s stock after selling 36,786 shares during the period. Allianz Asset Management GmbH’s holdings in ACI Worldwide were worth $9,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACIW. Norges Bank purchased a new stake in shares of ACI Worldwide in the 2nd quarter valued at about $47,641,000. American Century Companies Inc. raised its stake in ACI Worldwide by 32.8% in the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock valued at $76,308,000 after purchasing an additional 410,423 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in ACI Worldwide by 305.1% during the second quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company’s stock valued at $19,915,000 after purchasing an additional 326,699 shares during the last quarter. Alliancebernstein L.P. grew its stake in ACI Worldwide by 16.2% in the 2nd quarter. Alliancebernstein L.P. now owns 2,228,131 shares of the technology company’s stock worth $102,293,000 after buying an additional 310,785 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of ACI Worldwide by 3.8% in the 2nd quarter. Franklin Resources Inc. now owns 5,378,701 shares of the technology company’s stock worth $246,936,000 after buying an additional 199,286 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Up 4.0%

ACIW opened at $42.28 on Monday. ACI Worldwide, Inc. has a 12 month low of $38.89 and a 12 month high of $58.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $45.74 and its 200-day moving average price is $47.51. The company has a market cap of $4.36 billion, a P/E ratio of 17.05 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACIW shares. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

About ACI Worldwide

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.