ACI Worldwide, Inc. $ACIW Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 68.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,012 shares of the technology company’s stock after selling 46,794 shares during the quarter. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. Allworth Financial LP raised its holdings in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after buying an additional 372 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in ACI Worldwide in the 4th quarter valued at approximately $37,000. State of Wyoming acquired a new stake in ACI Worldwide in the 2nd quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. raised its stake in ACI Worldwide by 73.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after acquiring an additional 370 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACIW shares. DA Davidson reiterated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $54.88 on Monday. The company has a 50-day moving average of $44.48 and a 200-day moving average of $43.48. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 27.58 and a beta of 0.98. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $54.95.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

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.