Dimensional Fund Advisors LP Trims Stock Position in ACI Worldwide, Inc. $ACIW

Dimensional Fund Advisors LP lowered its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,500,721 shares of the technology company’s stock after selling 15,021 shares during the period. Dimensional Fund Advisors LP owned about 2.43% of ACI Worldwide worth $131,958,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of ACI Worldwide by 166.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 378,990 shares of the technology company’s stock worth $19,999,000 after purchasing an additional 236,878 shares in the last quarter. AlphaQuest LLC acquired a new position in ACI Worldwide during the 3rd quarter valued at about $1,427,000. JPMorgan Chase & Co. raised its stake in ACI Worldwide by 39.0% in the third quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock valued at $13,168,000 after buying an additional 69,964 shares during the last quarter. Congress Asset Management Co. boosted its holdings in ACI Worldwide by 13.1% in the third quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock worth $70,616,000 after acquiring an additional 154,817 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in ACI Worldwide by 19.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,014,534 shares of the technology company’s stock worth $53,537,000 after acquiring an additional 162,427 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $41.44 on Thursday. The company has a market capitalization of $4.22 billion, a PE ratio of 19.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The company’s fifty day moving average price is $42.63 and its 200 day moving average price is $46.84. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.49.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of ACI Worldwide stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the acquisition, the director directly owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Juan Benitez II bought 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price 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 of the company’s stock, valued at $707,313.90. This trade represents a 16.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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.