Robeco Institutional Asset Management B.V. Lowers Stake in ACI Worldwide, Inc. $ACIW

Robeco Institutional Asset Management B.V. lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,301 shares of the technology company’s stock after selling 11,627 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of ACI Worldwide worth $4,554,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC raised its holdings in ACI Worldwide by 1,249.7% in the 3rd quarter. Global Retirement Partners LLC now owns 8,044 shares of the technology company’s stock valued at $424,000 after acquiring an additional 7,448 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of ACI Worldwide in the third quarter valued at $39,000. Rice Hall James & Associates LLC increased its stake in ACI Worldwide by 10.7% in the third quarter. Rice Hall James & Associates LLC now owns 996,565 shares of the technology company’s stock valued at $52,589,000 after purchasing an additional 96,130 shares during the last quarter. Blue Trust Inc. lifted its position in ACI Worldwide by 41,500.0% during the third quarter. Blue Trust Inc. now owns 1,248 shares of the technology company’s stock worth $66,000 after buying an additional 1,245 shares during the period. Finally, CWM LLC lifted its position in ACI Worldwide by 353.2% during the third quarter. CWM LLC now owns 19,540 shares of the technology company’s stock worth $1,031,000 after buying an additional 15,228 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s 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 owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $46.77 on Friday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 18.86 and a beta of 1.05. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s 50-day moving average is $47.31 and its 200-day moving average is $47.77.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.