Citigroup Inc. Sells 49,318 Shares of ACI Worldwide, Inc. $ACIW

Citigroup Inc. decreased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 38.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,717 shares of the technology company’s stock after selling 49,318 shares during the period. Citigroup Inc. owned approximately 0.08% of ACI Worldwide worth $4,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ACIW. Steward Partners Investment Advisory LLC grew its holdings in shares of ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after acquiring an additional 323 shares during the period. Bessemer Group Inc. raised its holdings in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after purchasing an additional 214 shares in the last quarter. Advisors Asset Management Inc. lifted its position in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after buying an additional 298 shares during the period. State of Wyoming bought a new stake in shares of ACI Worldwide during the 2nd quarter valued at $37,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of ACI Worldwide in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In other ACI Worldwide news, Director Juan Benitez II bought 2,400 shares of ACI Worldwide stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the completion of the acquisition, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This represents a 16.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Adalio T. Sanchez purchased 3,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. This trade represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Stock Up 2.5%

ACI Worldwide stock opened at $42.44 on Thursday. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $57.49. The stock has a fifty day simple moving average of $43.28 and a two-hundred day simple moving average of $47.02. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 19.56 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The firm had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. Equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

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.