ACI Worldwide, Inc. (NASDAQ:ACIW) Position Cut by Raymond James & Associates

Raymond James & Associates trimmed its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 195,812 shares of the technology company’s stock after selling 14,712 shares during the quarter. Raymond James & Associates owned approximately 0.18% of ACI Worldwide worth $5,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mariner LLC lifted its stake in ACI Worldwide by 3.7% in the first quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock valued at $346,000 after buying an additional 392 shares during the last quarter. Credit Suisse AG lifted its stake in ACI Worldwide by 0.3% in the second quarter. Credit Suisse AG now owns 154,775 shares of the technology company’s stock valued at $4,007,000 after buying an additional 434 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after buying an additional 444 shares during the last quarter. Hsbc Holdings PLC lifted its stake in ACI Worldwide by 3.5% in the first quarter. Hsbc Holdings PLC now owns 13,574 shares of the technology company’s stock valued at $435,000 after buying an additional 456 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in ACI Worldwide by 1.6% in the third quarter. Arizona State Retirement System now owns 30,842 shares of the technology company’s stock valued at $696,000 after buying an additional 476 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $33.00 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $31.39 and its two-hundred day moving average price is $27.97. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $33.56. The stock has a market cap of $3.51 billion, a PE ratio of 29.73 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $476.43 million. During the same period in the previous year, the business earned $0.95 earnings per share. ACI Worldwide’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. DA Davidson restated a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. Finally, Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.