Nisa Investment Advisors LLC Sells 1,612 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Nisa Investment Advisors LLC lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,067 shares of the technology company’s stock after selling 1,612 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of ACI Worldwide worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACIW. American Century Companies Inc. grew its stake in ACI Worldwide by 19.6% in the first quarter. American Century Companies Inc. now owns 14,850 shares of the technology company’s stock worth $468,000 after purchasing an additional 2,437 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in ACI Worldwide by 37.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,208 shares of the technology company’s stock valued at $447,000 after acquiring an additional 3,885 shares in the last quarter. Natixis Advisors L.P. boosted its position in ACI Worldwide by 5.3% during the 1st quarter. Natixis Advisors L.P. now owns 55,677 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 2,790 shares in the last quarter. Bank of Montreal Can boosted its position in ACI Worldwide by 6.3% during the 1st quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock valued at $312,000 after acquiring an additional 571 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in ACI Worldwide by 1.5% during the 1st quarter. Rhumbline Advisers now owns 349,466 shares of the technology company’s stock valued at $11,005,000 after acquiring an additional 5,246 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Down 2.6 %

NASDAQ:ACIW opened at $32.00 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $31.63 and its two-hundred day moving average is $28.22. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $33.83. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 28.83 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The business had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ACIW shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. DA Davidson reaffirmed a “buy” rating and set a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, Jefferies Financial Group started coverage on ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.