ACI Worldwide, Inc. $ACIW Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,078,041 shares of the technology company’s stock after selling 25,826 shares during the quarter. Geode Capital Management LLC owned 2.99% of ACI Worldwide worth $147,179,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Knights of Columbus Asset Advisors LLC raised its holdings in ACI Worldwide by 9.5% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 43,028 shares of the technology company’s stock worth $2,057,000 after purchasing an additional 3,735 shares during the period. AlphaQuest LLC increased its stake in ACI Worldwide by 55.5% during the 4th quarter. AlphaQuest LLC now owns 42,057 shares of the technology company’s stock worth $2,011,000 after buying an additional 15,012 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in ACI Worldwide by 1,145.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 64,078 shares of the technology company’s stock worth $3,064,000 after buying an additional 58,931 shares in the last quarter. FourThought Financial Partners LLC increased its stake in ACI Worldwide by 24.0% during the 4th quarter. FourThought Financial Partners LLC now owns 5,172 shares of the technology company’s stock worth $247,000 after buying an additional 1,002 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in ACI Worldwide by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 8,353 shares of the technology company’s stock worth $399,000 after buying an additional 309 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $42.36 on Friday. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28. The stock has a 50 day moving average of $42.45 and a two-hundred day moving average of $43.48. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.31 billion, a P/E ratio of 21.29 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, analysts expect that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ACIW. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.