ACI Worldwide, Inc. $ACIW Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,222 shares of the technology company’s stock after selling 34,762 shares during the quarter. Fisher Asset Management LLC owned approximately 0.40% of ACI Worldwide worth $18,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of ACI Worldwide by 5.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company’s stock valued at $237,000 after buying an additional 207 shares in the last quarter. HighTower Advisors LLC raised its position in ACI Worldwide by 1.4% during the first quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company’s stock worth $861,000 after acquiring an additional 212 shares during the period. Maryland State Retirement & Pension System lifted its holdings in ACI Worldwide by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company’s stock valued at $1,415,000 after purchasing an additional 223 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after purchasing an additional 249 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of ACI Worldwide by 5.9% during the second quarter. Profund Advisors LLC now owns 5,233 shares of the technology company’s stock worth $240,000 after purchasing an additional 293 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ACIW shares. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

ACI Worldwide Stock Up 1.2%

Shares of NASDAQ:ACIW opened at $47.08 on Thursday. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $58.14. The stock has a market cap of $4.85 billion, a P/E ratio of 18.98 and a beta of 1.09. The business has a fifty day moving average of $49.14 and a two-hundred day moving average of $47.56. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The firm had revenue of $482.36 million during the quarter, compared to analyst estimates of $465.09 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. ACI Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current 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.