Bank of New York Mellon Corp Sells 8,862 Shares of ACI Worldwide, Inc. $ACIW

Bank of New York Mellon Corp trimmed its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,457 shares of the technology company’s stock after selling 8,862 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of ACI Worldwide worth $25,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. Millennium Management LLC increased its position in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP bought a new stake in shares of ACI Worldwide during the 1st quarter valued at about $259,000. Empowered Funds LLC increased its position in shares of ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after purchasing an additional 6,399 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of ACI Worldwide by 13.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 48,988 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

ACIW opened at $57.88 on Tuesday. The firm has a market cap of $5.88 billion, a P/E ratio of 29.09 and a beta of 0.98. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $60.17. The company has a 50 day simple moving average of $48.73 and a two-hundred day simple moving average of $44.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The firm had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. During the same period last year, the firm earned $0.51 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, DA Davidson raised their target price on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.00.

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.