Arrowstreet Capital Limited Partnership Sells 89,373 Shares of ACI Worldwide, Inc. $ACIW

Arrowstreet Capital Limited Partnership cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,553,345 shares of the technology company’s stock after selling 89,373 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.51% of ACI Worldwide worth $71,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in shares of ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after purchasing an additional 323 shares during the period. Ameritas Advisory Services LLC purchased a new position in ACI Worldwide during the second quarter worth about $32,000. Advisors Asset Management Inc. increased its stake in ACI Worldwide by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after acquiring an additional 298 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after acquiring an additional 370 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after acquiring an additional 711 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACIW has been the subject of several recent analyst reports. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Activity at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Trading Down 1.6%

NASDAQ ACIW opened at $46.35 on Friday. The firm has a market cap of $4.78 billion, a PE ratio of 18.69 and a beta of 1.09. ACI Worldwide, Inc. has a 1-year low of $40.45 and a 1-year high of $58.14. The stock has a 50-day moving average of $49.04 and a 200-day moving average of $47.55. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The business had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. During the same period last year, the company earned $0.77 EPS. ACI Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current 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.