Charles Schwab Investment Management Inc. Trims Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Charles Schwab Investment Management Inc. lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,372,662 shares of the technology company’s stock after selling 25,671 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.31% of ACI Worldwide worth $75,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of ACI Worldwide by 11.9% in the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company’s stock valued at $13,136,000 after buying an additional 26,888 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ACI Worldwide by 4,756.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company’s stock valued at $1,018,000 after buying an additional 18,218 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of ACI Worldwide by 2.3% in the first quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company’s stock valued at $30,530,000 after buying an additional 12,534 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 24.5% in the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock valued at $179,000 after buying an additional 642 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of ACI Worldwide by 267.7% in the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company’s stock valued at $29,243,000 after buying an additional 410,142 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACIW shares. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Thursday, July 17th. Jefferies Financial Group dropped their price objective on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, DA Davidson raised ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, May 12th.

Insider Buying and Selling at ACI Worldwide

In related news, Director Mary P. Harman sold 7,194 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the completion of the transaction, the director directly owned 34,388 shares of the company’s stock, valued at $1,632,742.24. The trade was a 17.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet O. Estep sold 4,500 shares of the business’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the transaction, the director directly owned 77,631 shares of the company’s stock, valued at $3,467,000.46. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

ACI Worldwide Trading Up 2.1%

ACIW opened at $47.29 on Thursday. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 19.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. The business has a fifty day moving average price of $45.06 and a 200 day moving average price of $49.41.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%. The firm had revenue of $401.26 million during the quarter, compared to analysts’ expectations of $380.45 million. During the same period in the previous year, the firm posted $0.47 EPS. ACI Worldwide’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

ACI Worldwide 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.