Allspring Global Investments Holdings LLC Has $746,000 Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Allspring Global Investments Holdings LLC lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 49.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,371 shares of the technology company’s stock after selling 23,862 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ACI Worldwide were worth $746,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of ACI Worldwide by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock valued at $270,188,000 after purchasing an additional 389,424 shares in the last quarter. North Reef Capital Management LP boosted its holdings in shares of ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock valued at $64,183,000 after purchasing an additional 592,735 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of ACI Worldwide by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock valued at $58,485,000 after purchasing an additional 24,272 shares in the last quarter. Reinhart Partners LLC. lifted its stake in shares of ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock valued at $69,331,000 after acquiring an additional 203,348 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of ACI Worldwide by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock valued at $42,984,000 after acquiring an additional 8,634 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Down 0.4 %

Shares of NASDAQ:ACIW opened at $33.33 on Thursday. The firm has a market cap of $3.55 billion, a P/E ratio of 30.03 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $33.83. The business has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $28.77.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. The business had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. ACI Worldwide’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Analysts predict that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACIW. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. DA Davidson reiterated a “buy” rating and issued a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. Jefferies Financial Group began coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Company Profile

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.