Fisher Asset Management LLC Has $4.44 Million Stake in ACI Worldwide, Inc. $ACIW

Fisher Asset Management LLC cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 79.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,178 shares of the technology company’s stock after selling 328,044 shares during the period. Fisher Asset Management LLC owned approximately 0.08% of ACI Worldwide worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of ACI Worldwide by 51.9% during the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after buying an additional 214 shares during the period. Steward Partners Investment Advisory LLC boosted its position in 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 last quarter. Salomon & Ludwin LLC acquired a new position in ACI Worldwide during the 3rd quarter worth approximately $39,000. Advisors Asset Management Inc. grew 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 acquiring an additional 298 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of ACI Worldwide in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at ACI Worldwide

In other news, Director Adalio T. Sanchez bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $40.98 per share, with a total value of $122,940.00. Following the transaction, the director directly owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. This represents a 4.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Juan Benitez II purchased 2,400 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the acquisition, the director owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This represents a 16.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

ACI Worldwide Trading Up 1.0%

NASDAQ ACIW opened at $42.86 on Friday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 19.75 and a beta of 1.07. The business has a 50 day simple moving average of $43.12 and a 200 day simple moving average of $47.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $57.49.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and a consensus 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.