Penserra Capital Management LLC Reduces Stake in ACI Worldwide, Inc. $ACIW

Penserra Capital Management LLC cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,473 shares of the technology company’s stock after selling 26,270 shares during the period. Penserra Capital Management LLC owned 0.11% of ACI Worldwide worth $6,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Maryland State Retirement & Pension System raised its holdings in ACI Worldwide by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company’s stock valued at $1,415,000 after buying an additional 223 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after acquiring an additional 249 shares during the last quarter. Profund Advisors LLC raised its stake in shares of ACI Worldwide by 5.9% in the second quarter. Profund Advisors LLC now owns 5,233 shares of the technology company’s stock valued at $240,000 after acquiring an additional 293 shares during the period. Arizona State Retirement System lifted its holdings in shares of ACI Worldwide by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 31,028 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 293 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 0.8%

Shares of ACIW opened at $40.66 on Friday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide, Inc. has a 1-year low of $38.89 and a 1-year high of $58.14. The company has a 50-day moving average of $45.83 and a 200 day moving average of $47.50.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping 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 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 posted $0.77 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, research analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACIW. 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. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Buying and Selling

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

ACI Worldwide 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.