American Century Companies Inc. Sells 21,807 Shares of ACI Worldwide, Inc. $ACIW

American Century Companies Inc. reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,323 shares of the technology company’s stock after selling 21,807 shares during the quarter. American Century Companies Inc. owned about 1.59% of ACI Worldwide worth $86,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of ACI Worldwide by 106.3% in the second 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. lifted its holdings in ACI Worldwide by 51.9% during the 3rd 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 holdings in 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 in the last quarter. State of Wyoming bought a new position in ACI Worldwide in the 2nd quarter worth about $37,000. Finally, Salomon & Ludwin LLC purchased a new position in ACI Worldwide during the 3rd quarter valued at about $39,000. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $41.41 on Wednesday. The firm has a market capitalization of $4.21 billion, a P/E ratio of 19.08 and a beta of 1.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $43.43 and its two-hundred day simple moving average is $47.06. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $57.49.

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

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.