Assetmark Inc. Lowers Holdings in ACI Worldwide, Inc. $ACIW

Assetmark Inc. lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 85.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,035 shares of the technology company’s stock after selling 24,503 shares during the quarter. Assetmark Inc.’s holdings in ACI Worldwide were worth $185,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACIW. Brown Advisory Inc. purchased a new position in shares of ACI Worldwide in the 1st quarter worth $339,000. IFP Advisors Inc grew its position in ACI Worldwide by 242.6% during the first quarter. IFP Advisors Inc now owns 11,272 shares of the technology company’s stock valued at $617,000 after acquiring an additional 7,982 shares during the period. XTX Topco Ltd acquired a new stake in ACI Worldwide during the first quarter worth about $1,199,000. Allianz Asset Management GmbH raised its holdings in shares of ACI Worldwide by 4.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 224,171 shares of the technology company’s stock worth $10,292,000 after purchasing an additional 8,597 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of ACI Worldwide by 66.5% in the 1st quarter. Mackenzie Financial Corp now owns 150,533 shares of the technology company’s stock valued at $8,236,000 after purchasing an additional 60,096 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ACIW shares. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a research report on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $48.96 on Friday. 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 firm has a 50-day moving average of $50.47 and a two-hundred day moving average of $48.16. The stock has a market cap of $5.05 billion, a P/E ratio of 20.66 and a beta of 1.09. ACI Worldwide, Inc. has a 1-year low of $40.45 and a 1-year high of $59.71.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The business had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. ACI Worldwide has set its FY 2025 guidance at EPS. On average, research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

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.